When asked to name a city in the nation that offers great home value for the money, real estate maven and “Shark Tank” star Barbara Corcoran’s answer during an interview with Yahoo Finance in mid-April just might catch you a little off guard.
“I’d say Raleigh, surprisingly,” she said.
Since real estate in North Carolina’s capital is currently undervalued, the city is getting plenty of action from homebuyers—and like in most parts of the country, those looking to snag a property there will face stiff competition and bidding wars.
Corcoran continued, “It’s also one of the top three hottest cities to find real estate. So it’s the most competitive, but the values are still undervalued.”
The businesswoman added, “And so many young families are moving in. It’s an educated population. That’s probably, in my mind—if you had to narrow it to one—probably the best value right now in America, even though you’re going to have to compete to find a house there.”
In a study published in June of last year, SmartAsset—a financial tech company—found that the Tar Heel State was among the top 10 states where millennials (adults aged 23 to 38 years old) were moving.
House flippers, as buyers flock to Raleigh and surrounding areas, you can be poised to benefit with quality renovations.
Paces Funding is proud to serve the Carolinas. Raleigh, known as the City of Oaks, is a lively city of the South that offers beautiful walkable neighborhoods, good school systems, a plethora of outdoor recreation, parks, lakes, nature preserves, museums, farmers markets, flea markets, lovely historic homes, world-class dining, and warm, balmy days. Of course it is home to the NFL’s Carolina Panthers, and the NHL’s Carolina Hurricanes.