Apple’s New North Carolina Campus: What Does This Mean for Triangle Real Estate?
The Triangle got big news recently when Apple announced plans to invest over $1 billion in a new North Carolina campus. With the local real estate market already buzzing, what will this news mean to the future of property values in the area?
As if the real estate market around the Triangle needed anymore demand, big news came down at the end of April that Apple plans to open a new campus in Research Triangle Park.
The decision by the tech giant means more than $1 billion in investments into the area along with 3,000 jobs. As you can imagine, this could mean another surge of people moving to North Carolina.
That’s great news for our area but could make buying a home even more difficult than it already is currently. Supply in the market is already lower than normal and we see many clients struggle to find a home and get an offer accepted. There’s fair concerns about affordability as well. Prices have already surged over the past decade and that doesn’t appear to be slowing down, but should you be worried about getting priced out of the area altogether?
The good news is sellers are establishing new comps all the time while interest rates are still at historic lows. It truly is a fascinating time in real estate and the Triangle is one of the fastest growing areas in the country.
On this episode of the podcast, we find out what Angie thinks about the news and how she sees things shaking out over the near future. Is now a great time to sell or should you wait a little longer for Apple? We’ll talk all about it on the show.
Listen to the entire episode or use the timestamps below to skip to a particular tip.
2:20 – Angie’s reaction to the news
4:30 – Worry about affordability
6:45 – Should I sell now or wait?
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