Dec 31, 2014
Our beautiful City of Oaks is once again making national headline news, this time on the real estate website Trulia.
Evidently, Trulia recently listed its top 10 markets to watch in the New Year. And Raleigh made the list!
This is sure to be encouraging news for both home buyers and home sellers as it means that our local housing market is getting stronger by the day!
A Look at Trulia’s Recent Report
- Trulia looked at a variety of factors when creating its list of top markets to watch. These included:
Solid Job Growth
Low Vacancy Rates
The website also gave extra points to those cities with a high level of Millenials, who are the most likely to be entering the market as first time home buyers.
The website also didn’t include those markets where prices were at least 5 percent overvalued.
Then Trulia released its list in alphabetical order:
- 1. Boston
- 2. Dallas
- 3. Fresno, Calif.
- 4. Middlesex County, Mass.
- 5. Nashville, Tenn.
- 6. New York-New Jersey
- 7. Raleigh, N.C.
- 8. Salt Lake City
- 9. San Diego
- 10. Seattle
It’s interesting to note that no Midwestern metro area made the list because they generally have slower job growth and higher vacancy rates.
The website also noted that in 2015,they expect more markets to embrace their long-term housing patterns.
Still, it noted that first-time homeownership isn’t likely to fully recover in the new year. Still, big job growth gains as well as income gains will help to pave the way for a first-time homeownership rebound in 2016.
We’re Thrill Raleigh Is a Housing Market to Watch in 2015!
We would love to hear your thoughts on this latest report and whether you think it will accurately predict the state of the housing market in 2015.
For now, if you’re considering buying or selling Raleigh real estate anytime soon, I encourage you to contact us at The Rachel Kendall Team.
We would love the opportunity to provide you with valuable real estate resources as well as helpful and practical advice.
Until next time,