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  • Michigan Tries Tax Break Help For Homebuyers [Housing Tracker] [View article]
    Judy,

    I'm a transplant from NC (Greensboro), and I think part of the reason Raleigh has held up well is because it didn't experience the rapid runup in values that plagued Charlotte. Housing in Raleigh is quite affordable and the town was recently ranked the top destination for young professionals buy bizjournal.com

    www.bizjournals.com/sp...

    One of the most interesting statistics to me is the median rent. Median rent for Raleigh is $619/month, far below the median rent for Charlotte. Now, I don't know whether the median rent translates directly into home values, but the idea makes some sense--lower rents for apartments depresses pressure on home prices, whether renting or buying.

    Just a thought....
    Jun 06 12:35 pm |Rating: 0 0
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