Three reasons to move to Raleigh-Durham
Choosing to invest in real estate in Raleigh-Durham may be a great decision. North Carolina's capital is an excellent metro to relocate for a variety of reasons. One visit to the Triangle cities of Raleigh, Durham and Chapel Hill, and you'll be greeted with southern charm and captivated by the area's beauty and sense of community. Furthermore, the career opportunities are abundant and the housing market is expected to shine in 2012. Simply consider this list of reasons to move to Raleigh-Durham and you'll likely be convinced looking at homes for sale here is a smart choice.
1. Job opportunities - Inman News placed the Raleigh-Cary market as number one on its list of Markets to Watch in 2012. The available career opportunities were among the many reasons the city landed in the top spot. As of March 2012, the unemployment rate in Raleigh (7.8 percent) is below the national average (8.2 percent), according to the U.S. Bureau of Labor Statistics.
"We have a high concentration of advanced-degree holders, which can help with job security and job opportunities, " explained a Raleigh real estate expert to Inman. "We also have many large employers and universities in the area, which creates a large pool of people relocating to the Raleigh area."
2. Affordability - The National Association of Realtors (NAR) reports the Housing Affordability Index is currently the highest it's been since recordkeeping started in 1970. This is no exception in Raleigh-Durham. According to the Census Bureau, the median value of owner-occupied housing units from 2006 to 2010 was $203, 300 and the median household income was $52,219. Inman News says by the third quarter of 2011, the affordability rate in the Raleigh-Cary metro was 73.6 percent.
3. Climate and recreation - Raleigh is the perfect place for people who prefer four distinct seasons throughout the year. Leaves change colors in the autumn, summer temperatures average around 80 degrees and in the winter, it will be time to pull out the sweaters and perhaps see an occasional snowfall. Enjoy the seasons by taking a day trip a few hours west to hike in the Blue Ridge Mountains or go to a Carolina Mudcats minor league baseball game in the spring, about 24 miles from Raleigh in Zebulon.