Barbara Corcoran states Raleigh Real Estate Poised for Upswing
Posted by Kim Adamof on Thu, May 21, 2009 @ 10:38 AM
With all the negative real estate news over the last couple of years, it is good to hear any positive tidbits we can get our hands on. And that's just what happened this morning on NBC's Today Show where real estate legend Barbara Corcoran presented her list of cities on the brink of a recovery.
Leading the list is Denver which Corcoran said "is clearly on a rebound" compared to any other city in the nation. "It's really the perfect real estate success story," she said. "It had one of the highest foreclosure rates in the nation for years running, and now they've cut that foreclosure rate in half and they've turned the corner."
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The other cities on Corcoran's list of cities poised for a real-estate rebound include:
- 2. Raleigh, NC
- 3. Austin, TX
- 4. Seattle, WA
- 5. San Francisco, CA
Key Factors driving the Raleigh Real Estate Market.
Job growth potential. We have stable major employers such as Wake County Public School System, North Carolina State University, WakeMed Health & Hospitals, Rex Healthcare, Progress Energy, Misys Healthcare Systems, Longistics, and Waste Industries.
Raleigh has a growing population. In 2000 there were 1.3 million residents in the Triangle. In 2008 that number grews to almost 1.7 million. Its estimated that we will be at almost 1.8 million by 2010.
You can't beat Raleigh's Good Weather. Though it is true that it can get quite warm in the summer, Raleigh offers a fantastic overall climate with four distinct seasons.
First-time Home Buyers in Raleigh Real Estate Market. Currently there are 452 houses for sale in Wake County under $150,000 3 bedroom/ 2 bath. With good inventory and the $8000 Tax Credit, now is a great time to buy your first home.
Raleigh Offers A Vital Downtown. Raleigh offers residents and visitors easy access to abundant venues, activities and attractions including top-notch museums, theater, and music.
A well educated population. 54% of the Raleigh population has a college degree. With top colleges and universities located around the Triangle, Raleigh is a wealth of educated resource.
Foreclosures earlier than other cities. A quick look at the Raleigh, NC Foreclosures, Default, Auction and Bank Owned Properties page shows there are currently 1,062 properties somewhere in the foreclosure process.
If you're interested in seeing what Raleigh has to offer in regards to real estate, click Raleigh North Carolina Homes For Sale and Raleigh MLS Listings.