The housing market in Raleigh, North Carolina has been rising recently. Property values in Raleigh have increased by more than 20% in the last year alone. The exceptionally robust local economy is one of the main reasons for the increase in housing demand in the area.
With the inflow of visitors and inhabitants looking for flexible housing, short-term rentals are in high demand. There are several commercial development properties available that astute investors can purchase for a fair price and then rent for long-term income.
In almost every neighborhood surrounding Raleigh, the average price of a home has risen dramatically. With the increase in the number of well-paying occupations, high-end, high-cost residences have become more popular. The best strategy, particularly in Raleigh, is to seek older homes with rehab potential through short-term loans that are still reasonably priced.
So, based on some factual understanding, it is pretty much clear that Raleigh is going to be sought as prime property by novice as well as seasoned real estate investors.
Also, other investors, lenders, or advisors, please feel free to share your thoughts on this!