Raleigh just landed another strong endorsement as an ideal place live coming in sixth on the Milken Institute’s 2016 Best-Performing Cities report. This is the second year our Capital City has held that top 10 spot amid the nation’s largest metros.
“This accolade comes on the heels of a November real estate market report that year-over-year showed increased listings, a 26.7 percent growth in closed homes sales, and another positive bump in average sales prices,” said David Jones, Coldwell Banker Howard Perry and Walston President and COO. “The Triangle has all of the components that buyers seek—career opportunities, economic prosperity, a low cost of living and tremendous livability. The New Year should be filled with steady market growth as more and more people find their way to our burgeoning area.”
Milken Institute’s research team reviewed a variety of metrics to rank cities large and small, including job growth, wage and salary gains, and technology development and output over the past five years. The index report concluded that:
The region repeated its strong performance in one- and five-year job growth and improved in five-year wage growth, gaining one place to rank 12th. Raleigh’s high-tech industry contributed to its stable position in the top tier; it represents a large share of the local economy and is growing much faster than the national average. Raleigh is tied with metros including San Jose-Sunnyvale-Santa Clara, CA, as the second-most diverse high-tech sector.
… Private-sector R&D activity is attracted to the Research Triangle by the high-quality academics at the universities, the skilled workforce they train, and the proximity to other innovative firms. Close to 50,000 people work in professional, scientific, and technical services jobs in the region, more than in any other industry sector.
Over the past year, Raleigh has been lauded as a top real estate market, one of the best places in the nation for business, a great city for young entrepreneurs, an emerging tech leader, a superior place to start a career, and more. Our Capital City and the surrounding Triangle cities and towns are ideal for people in all walks of life. Get a better look at all this area has to offer through these community videos we’ve prepared. We’re confident you’ll see something you like, and when you do, we hope you’ll give our Coldwell Banker Howard Perry and Walston real estate agents the opportunity to help you find the home you seek.