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Real Estate Raleigh North Carolina - The Real Estate Market in Raleigh, North Carolina

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The real estate market in Raleigh, North Carolina, is not as bad as most areas around the country. One of the main reasons for this, is that RTP, Raleigh Triangle Park, is home to many big companies. GlaxoSmithKline, alone, has over 33 buildings in the area.

While the housing market in the Raleigh-Durham and Chapel Hill area has taken a hit, it was not a huge hit. Prices did come down and have seemed to stabilize. There are some areas that have foreclosures and short sale opportunities, but not as much as Las Vegas or Miami. Most of these lower priced homes are due to loss of employment or paycuts.

Builders took a hit this past year and have dropped their prices accordingly. Some have taken out some of their standard upgrades and lowered the price. The outside of the home will look the same, but the inside will be scaled down to make it more affordable. Experience One, the builder for Kitts Creek in Morrisville, did this. They call these homes the Freedom Series. From the outside you cannot tell that anything is different from their Legacy model. By doing this, it makes the home more affordable and marketable.

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