Raleigh, including the Research Triangle region, has one of the strongest job markets in the country and was named the #2 Biggest Brain Magnet in the US by Forbes magazine. Due to this and several other factors, local real estate expert Mary Tatum sees a faster recovery for the housing here in 2011.
Raleigh, along with the Research Triangle area, has just been ranked second in Forbes magazine’s list of “America’s Biggest Brain Magnets” and remains one of the best places for jobs in the country. These two factors alone bode well for the future health of the housing market in the region, according to leading local Realtor Mary Tatum, as does the Triangle’s exceptional quality of life. Raleigh luxury homes and real estate throughout the area continue to be sought-after properties.
This recent recognition from Forbes, which describes the area as “a magnet for technology companies fleeing the more expensive, congested and highly regulated northeast corridor,” is but the latest in a long string of accolades. “Forbes has also recently named Raleigh the #11 most affordable city in the country,” says Tatum, “as well as the third best place for business and careers. As a whole, the Triangle has one of the strongest job markets in the US.”
The Research Triangle area is anchored by the cities of Raleigh, Durham and Chapel Hill and is home to three of the country’s finest research universities—Duke University, North Carolina State University, and the University of North Carolina at Chapel Hill. Set in the lush, rolling landscape of the state’s Piedmont region, the area has a scenic backdrop and offers easy access to everything from employment opportunities to art and culture and the great outdoors. It is a region that attracts businesses, as well as the country’s best and the brightest, something that has kept the market for Durham, Raleigh and Chapel Hill luxury homes very active over the years.
“The Triangle has long been one of the best places to live in the country,” says Tatum, who has been active in the real estate industry for 20 years and specializes in The Triangle luxury homes. “While home prices here have dropped somewhat and sales have also slowed down due to the recent downturn, we are nonetheless weathering the recession much better than other places. It is not too optimistic to expect the housing market here to show signs of recovery in the coming months.”
For more information on the Triangle and its housing market and to view currently available properties, visit Tatum’s website, http://www.MaryTatum.com, or contact her directly today.
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Filed under: Real Estate
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