In the video below, New York Real Estate Strategist Barbara Corcoran list the top 5 real estate markets positioned for growth. Ms. Corcoran stated the following key drivers that will “heat up” these markets. These factors include:

Raleigh Job Growth

• Job growth in Raleigh has been spurred by major tech players from the Research Triangle Park (often referred to as RTP). Large Triangle-wide employers like IBM, Glaxso Smith Klein and Cisco Systems also employ high wage earners.

Triangle Brain Power!

• Large population of highly educated citizens. Obviously, North Carolina State University, UNC Chapel Hill and Duke University in Durham all help provide considerable “brain power” to the Raleigh real estate market.

Sustainable Population Growth in Raleigh

• Population growth in Raleigh has been spurred by a resurrected downtown Raleigh. Nightlife, great restaurants, the Arts and entertainment options are now part of downtown Raleigh life! The Today Show also mentions that Raleigh has been the recipient of many accolades from publications like Forbes, Inc. and Money Magazine.

Our Outstanding Weather Makes Relocating to Raleigh A Breeze!

• Great weather! Yes, this is one of the big reasons so many home buyers relocate to Raleigh. Our residents enjoy 4 distinct seasons but we are seldom experience extreme heat, cold or large snowfalls.

Raleigh is Known for Being a Family-friendly City!

• Barbara recognizes Raleigh for it’s terrific family-friendly environment

Affordable Homes in Raleigh, NC!

• Another key contributing factor to Raleigh’s real estate market turnaround was it’s affordability factor of our area. Average median price for the Raleigh real estate market is just over $223,000 for a typical 3 bedroom/2.5 bath home.

First Time Home Buyers are Rejuvenating the Raleigh Real Estate Market!

• The affordability factor of the Raleigh real estate market has enticed many first time home buyers to enter the market. This is especially true because of the $8000 tax credit now available.

Real Estate Market in Raleigh Avoided Wild Swings!

• Because foreclosure has ravaged so many real estate markets, Raleigh never really experienced the wild swings in home values in the Triangle market. This critical factor helped prevent many Raleigh area homeowners from realizing diminishing home values and overwhelming foreclosure rates.

Now that you have watched this short video, what other reasons can you list why the Raleigh real estate market is on the edge of a rebound?