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Raleigh Real Estate Market Trends Analysis

1068 Words5 Pages

Raleigh Real Estate Market Trends Ranked number one in Glassdoor’s 25 Best Cities for Jobs report, Raleigh, NC remains a favorite for people from all walks of life. Whether you are a baby boomer or a Millennial, you will find living in Raleigh is a unique experience. From being a leader in the job market to being a hub for entertainment, it’s pretty clear why many people love to call Raleigh home. If you are a homebuyer who’s looking for a new place to call home, then you should consider all that Raleigh real estate has to offer. Raleigh, One of the Best Place for Homeownership Owning a home is living the American Dream. If you are in the market to fulfill your dreams, then you may find NerdWallets’ findings about Raleigh interesting. Based on a survey conducted on metropolitan areas, NerdWallet ranks Raleigh one of the best places to own a home. Recent data shows that owning a home in Raleigh is affordable because the average mortgage payment is less than a third of homeowner’s income. What does that mean for new homebuyers? You can purchase a home knowing that you can make the monthly payments without being strapped for cash. The average mortgage in Raleigh is less than $1,500. …show more content…

You want to ensure that you purchase the right home, live in it, and watch your investment grow in value over time. Fortunately, real estate within the market has been on the incline all year long. From record home sales at the beginning of the year to the average home sales increasing by nearly 6% so far. In fact, in 2014, the average home sale was $259,645 and now it is $273,839, an increase of 5.47%. With an increase in sales price, new homebuyers who buy low will likely continue to see their home build value over the

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