Another top 2 for Raleigh (Charlotte, Greensboro: real estate market, foreclosure, house)

[tluv00]

Raleigh-Cary second on list of 'best-performing' metros - Triangle Business Journal:

The Raleigh-Cary area is No. 2 on a new list of metropolitan areas that are creating and sustaining jobs and economic growth.

Criteria used to put together the list include job growth, growth in wages, and an area’s high-tech economic growth, the organizers say.

Among other North Carolina metros, Charlotte ranks No. 26, with Asheville No. 46, Winston-Salem No. 99 and Greensboro No. 141.

[Charlton Dude]

I am glad to hear that. It seems counter to what some people thought was happening. Thanks for finding the link.

[toodie]

Thanks for posting this, very interesting. I have lived all over the country and this area recovers the fastest I've ever experienced if there's a downturn in the economy. I think that was a huge influence for why I relocated here in the first place.

I'm surprised to see Seattle so far down on the list.

best,
~ toodie

[Charlton Dude]

Originally Posted by toodie

Thanks for posting this, very interesting. I have lived all over the country and this area recovers the fastest I've ever experienced if there's a downturn in the economy. I think that was a huge influence for why I relocated here in the first place.

I'm surprised to see Seattle so far down on the list.

best,
~ toodie

Hey toodie,

How long have you lived here? How many ups & downs have you seen?

I think Seattle may be in much worse shape because of the over-inflated (now crashing) real estate market.

[NYCinNC]

Good Post!

[seattlenextyear]

Originally Posted by Charlton Dude

I think Seattle may be in much worse shape because of the over-inflated (now crashing) real estate market.

$500,000 for a 2 bedroom 40 year old house in Green Lake = Not crashing.

[toodie]

Hey CDude,
I've lived here for 12 years, but a person doesn't need to live here to know that the state of NC has some very desireable locations for a good economic outlook, Charlotte and Raleigh being two.

I used to live in the Seattle area when real estate was affordable there, and also lived in Portland. There was mass migration back then from Californians who were cashing in on their homes and moving north. Now, I wouldn't want to live there because of the way things have changed. Never did care for all the rain, either.
best,
~toodie

[Charlton Dude]

Originally Posted by toodie

Hey CDude,
I've lived here for 12 years, but a person doesn't need to live here to know that the state of NC has some very desireable locations for a good economic outlook, Charlotte and Raleigh being two.

I used to live in the Seattle area when real estate was affordable there, and also lived in Portland. There was mass migration back then from Californians who were cashing in on their homes and moving north. Now, I wouldn't want to live there because of the way things have changed. Never did care for all the rain, either.
best,
~toodie

Thanks for your input. I am with you about being here rather than there. I couldn't take all the rain, plus I like being near RTP. I think that adds a lot of job stability that other places may not have.

[Charlton Dude]

Originally Posted by seattlenextyear

$500,000 for a 2 bedroom 40 year old house in Green Lake = Not crashing.

I have no reference for the example you are quoting. I am only going by what I have seen on the news and real estate shows. They showed some great development going on by the water that totally crashed and everyone bailed out on. They said many were in foreclosure and the developers went bankrupt. Seems pretty bad. However I don't live there and you do, so I will take your word for it.

What are your thoughts about why Seattle ended up so low on the list compared to this area?