North Carolina Triangle Real Estate

The Research Triangle commonly referred to as simply The Triangle, is a region in the Piedmont of North Carolina, anchored by the cities of Raleigh, Durham, and Chapel Hill. A 2008 Census Estimate put the population at 1,690,557, and the region’s population was over 1,700,000 as of July 2009.

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Chapel Hill NC Real Estate

The research universities of the University of North Carolina at Chapel Hill, North Carolina State University, and Duke University are located in this region. The “Triangle” name was cemented in the public consciousness in the 1950s with the creation of Research Triangle Park, home to numerous high-tech companies and enterprises. Although the name is now used to refer to the geographic region, “The Triangle” originally referred to the universities, whose research facilities, and the educated workforce they provide, have historically served as a major attraction for businesses located in the region.

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Raleigh Real Estate – Raleigh Listings and Trends

Ryan Paul Johnson

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The real estate market at it most basic and rudimentary level can be understood through basic Economics. Real estate values are driven by supply and demand. If supply increases and demand does not increase in kind housing values drop. This is know as a buyers market. While if the opposite is true and demand increases without supply keeping pace prices increase. Here we have a sellers market. This is of course just the starting point. There are innumerable reason that can cause both supply and demand to ebb and flow. This being the case an important aspect of the real estate business is listing trends. An easy way for brokers to gage where the... Read More →

Raleigh Real Estate – MLS NC

Ryan Paul Johnson

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There aren’t too many people who haven’t heard of a Multiple Listing Service (MLS). The most sought after function of the MLS is searching homes listed for sale. However, I’d bet most folks aren’t exactly sure how the MLS works or what other functions the MLS serves. In a nut shell the MLS is a suite of services that (1) enables brokers to establish contractual offers of compensation (among brokers); (2) facilitates cooperation with other broker participants; (3) accumulates and disseminates information to enable appraisals; (4) is a facility for the orderly correlation and dissemination of listing information to better serve broker’s... Read More →

Job Growth Good for Durham Real Estate

Ryan Paul Johnson

The Triangle Business Journal (TBJ) reported today that the biotech company, Syngenta, has announced plans to expand it’s facility in the Research Triangle Park (RTP). The expansion plans, as reported in the TBJ, include leasing an additional 100,000 sqft of office space and plans to purchase 50 acres within RTP. Syngenta is a biotech company that specializes in various aspects of agricultural research. They currently employ some 400 people in The Triangle and speculation is that their expansion will add to the Durham job base. As I’ve said before The Triangle is slated for major population growth over the next 20 years. Some analyst estimate... Read More →

There are a lot of Triangle neighborhoods!

Ryan Paul Johnson

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I’m not sure where you are moving from or how people there tend to organize housing developments. In the triangle the neighborhood is king. When surfing Triangle area websites you’ll undoubtedly come across lists of neighborhoods with descriptions trying to delineate one from the next (we do some of that here too). Funny thing is, lots of these neighborhoods meld into each. So knowing definitively where one stops and another starts can be tricky business. This is not always the case; there are lots of neighborhoods (subdivisions) with well defined borders. When looking for a new home in The Triangle it would be best not to get too caught up... Read More →