Historical price changes of homes provide both a long- and short-term pricing trend, while affordability is one way to determine the potential demand for rental property in Raleigh.
Every month, Freddie Mac publishes a house price index that tracks the price changes of housing over the recent quarter and year, as well as historical pricing trends.
Kiplinger , one of the leading publishers of business forecasts and personal finance advice, uses ATTOM Data Services to compile home price changes and housing affordability of the top U. Affordability ratings range from 1 to 10, and the lower the number the more potentially affordable a home is to purchase. However, investors should note that even in the most affordable markets many people choose to rent rather than own. Raleigh consistently ranks as one of the best places to live, work, and play in the U.
In fact, local news channel ABC 11 recently reported that for three years in a row Raleigh made the list of top three cities for the best quality of life. Where to begin your search? Roofstock created a heat map of Raleigh based on our Neighborhood Rating , a dynamic algorithm that enables you to make informed investment decisions by measuring school district quality, home values, employment rates, income levels, and other vital investment criteria.
Ready to invest in the Raleigh market? Please log in or register to comment. Log in Join now. Back to Top. Newer Post. Rainmaker , Follow Profile. Blog My Services. Contact The Author. Full Name. Email Address. Phone Number. Service Areas. Real Estate Resources. Finally, think about your kitchen cabinets. Do you like the color? Do they need to be replaced? When you remodel your kitchen, keep the final result in mind.
Stick to neutral or dark tones, as these take longer to go out of style. The right fixtures can add a lot of appeal to a home, and some even come with cool new features.
For instance, some kitchen sinks now turn on and off when you tap them! Hire a plumber to come out and take a look at them. Nothing will ruin your home faster than an unforeseen water leak! Updated floors improve the appearance of your home and attract future buyers. Before you tear up your flooring, think carefully about what you want to put in. Some families prefer hardwood, while others choose carpet, tiling, or even concrete in their Raleigh home.
I feel that this is the market that will yield an incredible return on investment, even as quickly as within the next years; by , I predict the entire area will be bustling and growing, with or without Apple coming. Erica Anderson is the Broker-Owner of Team Anderson Realty, and she prides herself on extraordinary service and assistance with smart investments, for both home buyers and home sellers. Things can always change, but North Carolina is incentivizing businesses to come to the area and are looking for companies that could invest upwards of a Billion dollars and bring in over 3, jobs.
About the Author: Erica Anderson is the Broker-Owner of Team Anderson Realty, and she prides herself on extraordinary service and assistance with smart investments, for both home buyers and home sellers.
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