Raleigh is one of the top cities for real estate investors
Real estate investors are searching all over the country for cities that aren't too risky for investment. Those ideal for investment would be cities that have stable employment, rental demand and home prices that can increase, The Wall Street Journal's Market Watch.
The Raleigh employment rate is below the national average. According to the Bureau of Labor Statistics, the Raleigh-Cary metro area had an employment rate of 8.1 in February 2012 and the latest March 2012 U.S. unemployment rate was 8.2. At the same time, the apartment-occupancy rate in Raleigh is at approximately 95 percent and the inventory for single-homes down by almost 24 percent over the year, reports the Wall Street Journal. The median list price was $215,000 in February. This is an increase of about 7.5 percent since this time a year ago.
Looking toward the homes for sale in Raleigh-Durham as investments may be a great idea as NuWire Investor says Raleigh has the things real estate investors are looking for - a stable and diverse job market and rental rates steadily increasing. The extensive area the Triangle covers also provides many opportunities. A local real estate expert told NuWire that with "employment centers scattered around the Triangle, real estate investment opportunities are available in many areas."