Our Triangle trio of Raleigh, Cary, and Durham recently earned a place on WalletHub’s list of the 2016 Best Real Estate Markets. Yes, our Triangle cities and towns really are the tops.
The personal finance research website analyzed more than 300 U.S. cities across 16 variables including trends in the real estate market, vacancy rates, building-permit activities, affordability, population and job growth, and unemployment rates.
Cary and Raleigh scored quite well on the complete list both ranking in the top 15 percent. Cary pulled in an impressive 16th position and Raleigh snagged 38th place. However, on the lists ranked by city size—large, midsize, and small—Raleigh, Durham, and Cary all ranked among the top 10 cities on each list, higher than any other North Carolina cities represented.
WalletHub introduced readers to its research report touting recently released articles by the New York Times and Nationwide. The article reads: “Citing U.S. Census Bureau data, the New York Times recently reported that sales of new single-family homes were higher this past July than in nearly 10 years. Nationwide, which tracks the health of U.S. real estate, reported at the end of quarter two that “the overall U.S. housing market is sustainable,” adding that “few regional housing markets are vulnerable to a housing downturn.”
Interested to see what our Triangle area has to offer? We can help. Visit our HPW website to find a real estate agent and search through all residential listings available in Raleigh, Durham, Cary, and beyond.