Great news on our local Raleigh Durham Chapel Hill real estate market — what we refer to as the Triangle here in North Carolina.  Veros Real Estate Solutionos projects that home prices will rise around 8 percent in the coming year. That puts the Raleigh Durham area in tie place with Tampa for fourth place in real estate value growth.
The other cities in the top five are Seattle, San Bernardino, California and Jacksonville, Florida.  Top cities projecting 7 percent growth are Riverside, Los Angeles and Oakland, California; Tucson, Arizona and Nashville, Tennessee.
On the downside, Rochester, New York will top the list of markets with a depreciating value, at 4 percent. Other markets in decline are Worcester, Massachusetts; Sacramento, California; Memphis, Tennessee; and Dayton, Ohio. Home values in the following cities are expected to have no growth or decline: Grand Rapids, Michigan; Boston, Massachusetts; Cleveland, Ohio; Detroit, Michigan; and Fall River, Massachusetts.
Whether you are buying or selling in Raleigh, Durham or Chapel Hill, it is important to have an experienced realtor. With over 20 years of experience, I can help you make the most of your next real estate transaction. Contact me, Reg Morgan for a free consultation to find your place in the Triangle real estate market.