Category Archives: Raleigh new homes

new homes and real estate in Raleigh, North Carolina

Raleigh Makes 15 Hottest American Cities of the Future

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Which cities are being influenced by the next generation of hipsters, tech-savvy pros, artists or environmentalists? According to Business Insider, Raleigh is sixth on its 15 hottest American cities list of the future.

Job growth, population growth, demographics, affordability, livability and health of residents are all factors on this list. Also, how the city is innovating in terms of technology, sustainability and culture are considered in defining how a “cool” city attracts the young, creative types.

Raleigh attracts thousands of college students, families and immigrants with its many job prospects, safe communities, affordable housing and short commutes. As a result, Raleigh was ranked the number one city for business and careers by Forbes, with the fastest growing market in the U.S.

settling into Raleigh is easier than ever with a young, vibrant population and endless opportunities for employment. With major employers like Duke University, the University of North Carolina, IBM, Cisco, GlaxoSmithKline, Nortel, Verizon and Lenovo. Raleigh is the new high-tech and biotech hub with over 75,000 new jobs. Between the steady job growth and culture scene and the diverse population, Raleigh is the next future hot spot!

Cities such as Brooklyn, Seattle, Portland and Detroit are on the list of 15 hottest cities.

For a complete list of 15 hottest cities, visit Yahoo Finance. For more information on Carolina real estate, explore our site.

Raleigh’s Recent Population Growth and Job Opportunities Rise

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raleigh-aerialAlthough job opportunities are at an all time low, finding a job might be easier than you think. Relocating for new job opportunities is never easy, but now it may be worth it. Pack your suitcases and move to Raleigh for a new life, address and job.

With the city’s recent population growth, Raleigh is now fourth on Kiplinger’s list of eight cities with surprising job growth. Based on the U.S. Department’s labor projections, cities like Raleigh will outpace the nation’s seven percent job growth average between now and 2017.

Kiplinger’s analysis considers demographic trends and industry growth. They analyzed metro areas contain a population of at least one million people, and a track record of above-average population and job growth from the 2008 to 2009 recession.

The beautiful city of Raleigh is surprisingly beating nationwide economic instability. With approximately 75,000 new jobs, Raleigh has only a 7.4 percent unemployment rate. Major employers like Duke University, the University of North Carolina, IBM, Cisco, GlaxoSmithKline, Nortel, Verizon and Lenovo transforms Raleigh into a magnet for high-tech and biotech jobs. Raleigh is also home to many government jobs as well as thousands of private-sector jobs including the regional hub for the U.S. Environmental Protection Agency.

Other cities with rapid job growth include Nashville, San Antonio, Orlando, Portland, Oklahoma City, Phoenix and Atlanta.

For a complete list of eight cities with surprising job growth, visit Kiplinger. For more information on Carolina real estate, visit the website.

North Carolina Cities Make the 10 Fastest Growing U.S. Cities List

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According to the U.S. Census Bureau, Charlotte’s population has grown 64.6 percent between 2000 and 2010 making it one of the 10 fastest growing cities in America. Despite the recession and housing market, Charlotte has record population gains despite the national average of 10 percent population growth.

Initially recognized as a transportation center, Charlotte is now the “second largest financial center in the nation, after New York,” said Bob Morgan, president of the Charlotte Chamber of Commerce.

Jobs at big banks like Bank of America, Citi, Ally Financial, JPMorgan and Wells Fargo have helped the city grow tremendously.

Because of this population growth, there was an increase in demand of Charlotte new homes.

Another North Carolina city that has overcome the odds despite economic instability is Raleigh with a 63.4 percent growth between 2000 and 2010. Because of the high percent of population growth, there has been an increase in building Raleigh new homes.

Named after Sir Walter Raleigh who popularized tobacco use, the city of Raleigh once depended on the tobacco crop for economic success, but now Raleigh is known for its intellectual hub of many technology firms. These firms include Red Hat, an open source software company and Etix, a web-based ticketing company for sports, entertainment and travel.

For a complete list of the 10 fastest growing U.S. cities visit CNNMoney. For more information on Carolina real estate, visit the website.

Make Way for Multi-Family Homes

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City buildingsAccording to the U.S. Census Bureau, who recently released data concerning construction permits issued by localities in 2011, Raleigh, N.C. was the third top city with the most construction activity with 13.66 construction permits per 1000 housing units.

Why is multi-family building becoming more and more popular? According to the Trulia Rent Monitor, rents rose 5.6 percent nationally in 2011. Construction of multifamily buildings has increased because people could not necessarily afford to purchase or own a home during the recession. Therefore, more and more families are transforming their homes to become more multigenerational friendly.

While Texas and the Carolinas hold the position for the highest rate of construction in metro areas, New England, the Great Lakes, South Florida and Coastal California hold the lowest rate.

There are many factors that explain the sporadic growth in housing developments. One factor is whether there is long term employment growth in the area. Another factor is that many of the metros have had above-average job growth within the past ten years, and that there weren’t any huge home price declines during the crash.

For the U.S., one-third of construction permits in 2011 were for multi-family units, making builder trends change to meet the demand of multifamily construction.

Why does the builder market look more and more like a seesaw, up and down? First, construction activity is bet on future growth. It is a risky guess for builders to decide where to develop in areas where they are expecting a demand for housing. Also, housing units last for a long time, so they inevitably shape the metro areas they are in.

If you’re looking to buy or rent in the Raleigh area, make sure you visit our site for all of the latest North Carolina real estate news.

Raleigh Remains Atop Best Cities for Jobs List

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Raleigh is #2 on the List of the Best Performing Cities

Raleigh recently found itself ranking seventh in New Geography‘s annual survey of the best places for jobs. This marks the seventh year in a row that Raleigh ranked within the top 15 cities.

Raleigh is one of the cities that benefits from the nationwide tech growth trend. Other cities benefiting from technology are Austin, Salt Lake City, Seattle and Denver. Other major contributing factors for many cities’ rankings include the energy sector, government-dependence, military towns, manufacturing and the housing bubble. Additionally, for the first time since the recession, 2011 saw more growth in private sector employment than in the public sector.

The list is created by ranking all 398 current metropolitan statistical areas based on employment data from the Bureau of Labor Statistics from November 200 to January 2012. These rankings are calculated based on recent growth trends, mid-term growth, long-term growth and the region’s momentum. The rankings are also broken down by size since regional economies differently due to their scale.

An increasing number of jobs and Raleigh’s ranking on this list will only serve to boost home sales in this region. For more information on North Carolina real estate, visit our site.