The Today Show reports That The Raleigh/Cary Real Estate Market Is Poised For Greatness.

The Today Show reports That The Raleigh/Cary Real Estate Market Is Poised For Greatness.

The Today Show reported on The Inman News study that found that the Raleigh/Cary real estate market was the number one market in the country to watch for a rebound.

Something that is evident to people close to the market here in the greater Raleigh/Cary area is that around the second week of December something clicked and people started coming out of the woodwork. Showings went up, you would call the showing service on a Saturday and get the answering machine, that hasn't happened since the Tax Credit!!

Inventory Is going down, there is a subdivision here in Clayton where the average number of homes on the market for the last three years hovered in the 70's......now 35.
Pre-sales are up dramatically, one builder I spoke with yesterday will have three pre-sales started in a month. In Portofino in Clayton, we have four pre-sales started or about to start, we have two homes under contract, both the same week-end.

As inventory drops the bargain hunters will be forced to start upping the prices they are willing to pay, supply and demand, then we should start to see prices stabilize and rise accordingly. Interest rates will rise along with them so, 3.89% or whatever low figure it is will soon be gone for a long time.

The Greater Raleigh Area is made up of the bigger cities of Raleigh, Cary, Durham and Chapel Hill, but it is the many smaller communities in the vicinity that people include when they talk about the region known as The Triangle.

Come and see for yourself, weather is great, housing is affordable, schools are fantastic, beach is two hours away, golf courses are everywhere. Shopping, colleges NC State, Duke, UNC at Chapel Hill, and many more graduate smart engineers, doctors, nurses, farmers who came here for college, and now love it so much they stay and find work here.