Bring Amazon to Raleigh! Real Estate Will Soar!
Raleigh is a great candidate for the next Amazon headquarters for many reasons. Can you imagine the major impact it would make economically? If you currently own a home in this beautiful city, you can definitely expect the value of your home to skyrocket with the boom of new jobs and people relocating to the area. It would be fantastic! Bringing Amazon to Raleigh would be a win for all.
Shorter Commute Times Bring Home Buyers to Raleigh
Home values in Raleigh will most definitely see large gains as commute times improve. RTP is planning a new transit system that will benefit everyone one their daily commute, not to mention the positive impact that public transit can make to a growing metropolitan area. Heavy traffic due to all of the increased population due to massive relocation will feel a relief. Not to mention, the use of this mass transit would help the environment! Amazon’s presence would totally justify and be supported by the addition of this transit system and help the entire area! Relocating families will continue to flock to our area and they will need to buy a home in Raleigh.
“It’s one of the more under-the-radar cities of the 20,” says GBH Insights’ Daniel Ives. “You look at all the metrics, we believe it’s a clear top five – we believe top three.”
- Washington, D.C.
- Austin, Texas
The East Coast presence, coupled with the connectivity at Raleigh-Durham International Airport, caught his attention, he says. “It’s actually growing a transportation hub.”
NC Tax Reforms Attract Home Buyers to Raleigh
Favorable tax reforms in recent years make our state a prime choice for businesses and individuals – a win on all levels. Amazon’s financial picture will improve and the estimated 50,000 new job owners benefit from these reforms. Local small businesses will thrive and Raleigh home values will experience even more growth.
Raleigh Listed As “Great Place to Live” Lures Home Buyers
Raleigh is one of many fast-growing mid-size cities in North Carolina. Home sales in Raleigh have increased 11.6% % to $2.9 billion from $2.6 billion in 2016. The average home price has increased 9.9% to $308,800 in January 2018 from $281,800 in 2016. Over the past 10 years, the population of Raleigh increased by 29.6%, the most of any city in the state other than neighboring Cary, and far more than the 7.1% national population growth rate.
Why are people moving to the Raleigh area? Short winters and glorious fall and spring delight many who want to escape harsh colder climates or stifling heat. Only 2 hours from numerous beach and mountain destinations, Raleigh offers comfortable and affordable day or weekend getaways. Our city has a vast system of well-maintained Greenway trails for walking, jogging, and biking. Umstead State Park offers further opportunities for hiking, horseback riding, picnicking and special events. Live music venues are abundant and many are free. Large-scale outdoor concerts to small jazz ensembles, there is something for all tastes.
The Raleigh/Durham/Chapel Hill University System Brings Millenial Home Buyers
The Raleigh/Durham/Chapel Hill area is ranked as a great place to live in the U.S. As the home of NC State, nearby UNC-Chapel Hill’s flagship campus, Wake Forest University and top-ranked Duke University, educational opportunities abound. The pool of well-educated candidates feeds the local job market and help keep our economy strong as well as support an atmosphere of family values, inclusion and diversity. Ranked Number 2 of the top 10 Most Educated Cities by Forbes Magazine last month, in Raleigh, 50.8% of adults have at least a bachelor’s degree, far more than the 31.3% national share. Graduating students tend to remain in this robust area and the trend for these Millenials is to buy a home rather than rent. Later, these folks form families and move up to larger homes. This further feeds the demand for homes for sale in Raleigh.
Bringing Amazon to Raleigh will benefit the city and Amazon. Amazon’s plans are expected to be revealed in 2018. The positive impact for home sales will be unimaginable.