While the long term plan for Quail Point is to offer real estate investment opportunities to IRA/401k participants nationwide, we launched our effort in Raleigh, NC (Raleigh, Cary/Apex, Chapel Hill, Durham, and greater Triangle area) for a number of great reasons. We will share with you every reason we believe Raleigh’s real estate market will outperform markets across the country, but first take a look at the national attention Raleigh is already drawing.
Population: 1,001,313 Percentage of Workforce in Creative Class: 35.6 Cost-of-Living Index: 100 (100 being national average) Median Household Income: $57,974 Salary Growth(2004-2008):5.7% Employment Growth(U.S. Avg.: 1.3%): 3.12% Jobless Rate(Nat. Avg.: 8.6%): 8.3% *data compiled by Kiplinger’s
Forbes.com (2007-2009) “Best Metro Area for Business & Careers” Three Consecutive Years
Forbes.com (2009) Apex ranks #3 “Best Places to Move in America”
Kiplinger’s (2009) #10 on “Best Cities” List
MSNBC.com (June 2008) MSNBC.com. “Raleigh, N.C., it seems, is the best place to be in the U.S. right now. It ranks No. 1 in Forbes’ 2008 list and was also top in 2007 – consistent placement among these lists is truly rare. It ranks No. 2 in Kiplinger’s list this year. The city is also Fortune Small Business magazine’s No. 20 place to live and launch.”
Forbes (May 2008) “5th most recession proof local economy”
Wake County is placed in the Top 20 school districts across the nation for the total number of National Board Certified Teachers. As of February 2009, Wake County Public Schools ranks second in the nation with nearly 1,500 Board Certified educators.
Kiplinger’s 2009 Personal Finance says Raleigh has the 10th-best growth potential among U.S. cities that have “solid employment opportunities and the talent to create new, well-paying positions.” Raleigh’s high ranking on the 2009 Best Cities list was based largely on an economic base created by North Carolina State University, Duke University, the University of North Carolina at Chapel Hill and Research Triangle Park.
The common themes among the ranking reports are job growth, education, and the diversity of employment opportunities. This is what we look for in real estate markets with “solid underpinnings.” We know where the demand for housing stems from: jobs and population growth. The two are inextricably linked, and drive a market that did not see the speculative excesses witnessed in Florida, California, Arizona, and Nevada during housing’s boom years. Our “twin towers” (jobs & population growth) led to stable appreciation even through the volatile year’s since 2004.
“Investment opportunities abound”
Like in any downturn “an outgoing tide lowers all buoys.” The limited availability of financing (outside of FHA, VA, USDA loan programs) has led to foreclosures, distressed properties, and discounted opportunities in the Raleigh market like others. We actively search out these opportunities for our clients, and not only do we find them great long term investment homes, we get them at a discount to current market values. We deliver a comprehensive market analysis to our clients before each transaction so they can recognize the immediate equity they are realizing with the purchase. The best part is that in today’s marketplace IRA/401K transactions are actually among the easiest to close. Furthermore the buying power affords are client’s even better negotiating leverage.
Call us today for a no-obligation consultation over the phone. We look forward to meeting your needs and investment goals.
Here are Additional Accolades the Raleigh Area Has Recently Received
Magazine Ranks N.C. Business Climate No. 1
Site Selection magazine recently ranked North Carolina No. 1 in the country for its business climate, followed by Texas, Virginia, Ohio and Tennessee. The magazine cites new high-tech development and North Carolina's technology-focused academic centers as strengths for business growth. http://www.charlotteobserver.com/business/story/1036713.html
Best Place To Start A Business
Fortune Small Business magazine and the Ewing Marion Kauffman Foundation rank the Raleigh-Cary area No. 3 on their 2009 list of the 50 best places to start a business. The list ranks large cities based on factors that help make entrepreneurs successful, including economic growth and labor costs. The rankers especially like Raleigh-Cary’s weather, strong higher education community and quality family life. -- October 2009
America's Smartest City
Raleigh-Durham is ranked America’s smartest city by the Daily Beast. The publication wrote: "Raleigh-Durham has just about every intangible useful in attracting and developing a smart populace; It’s a university hub, and those schools led to one of the nation’s great technology incubators (Research Triangle Park). On top of that, Raleigh, as the state’s capital, attracts engaged political minds as well." -- October 2009
A Post-Recession Mecca
Raleigh-Durham is among the top 10 American cities that will be “post-recession meccas for the young,” according to the results of a panel of experts recruited by the Wall Street Journal. -- September 2009
A City Of The Future
Foreign Direct Investment magazine’s North American Cities of the Future 2009-10 survey lists Raleigh as the continent’s top small city for foreign direct investment potential. (Small cities are categorized as those with less than 500,000 population.) -- April 2009
Forbes: The Best Area For Business
For the third consecutive year, Forbes names Raleigh America’s best metro area for business and careers. -- March 2009
Best Place To Launch A New Business
A BizJournals study finds Raleigh the best place to launch a new business. BizJournals used a six-part formula to analyze the nation’s 100 largest metropolitan areas, searching for the places that are most conducive to the creation and development of small businesses. Raleigh was the only market to rank among the top 10 in four key categories: growth rates for small businesses and population and one- and five-years increases in employment. -- February 2009
Forbes: Wired City
Forbes.com ranked Raleigh the third most wired city. -- January 2009
The Best Place To Do Business
Newgeography.com put the Raleigh-Cary area at the top of its 2008 ranking of the Best Cities To Do Business In. Raleigh was up six spots from its 2007 listing of largest metro areas. -- December 2008
Men's Health: Politically Engaged City
Men’s Health magazine ranked Raleigh the most politically engaged city in America. The rankings were based on percentages of active registered voters, ballots counted, percentage of income donated in the current presidential election, campaign spending, votes cast in the 2008 primary and votes cast in recent elections for governor and senate. -- Men’s Health magazine, September 2008
Milken Institute: A Best Performing City
The Raleigh-Cary metropolitan area is ranked number two in the nation’s “Top 100 Best Performing Cities” in an annual economic performance index released by Milken Institute/Greenstreet Real Estate partners. The annual study ranks metropolitan areas by how well they are creating and sustaining jobs and economic growth. The Raleigh-Cary area rose from number 10 in 2007. -- September 2008
MSNBC: America's Best City
MSNBC.com ranks Raleigh America’s best city. “Raleigh, N.C., it seems, is the best place to be in the U.S. right now. It ranks No. 1 in Forbes’ 2008 list and was also top in 2007 – consistent placement among these lists is truly rare. It ranks No. 2 in Kiplinger’s list this year. The city is also Fortune Small Business magazine’s No. 20 place to live and launch.” -- June 2008
Kiplinger's: A Top Urban Area
Kiplinger’s Personal Finance names the Triangle the second best urban area in the U.S. It highlighted undeniable date: population growth since 2000 of 19.9 percent; percentage of the work force in the creative class, 36.1 percent; cost of living index, 99 with 100 being the national average; median household income of $56,150; and income growth of 10.3 percent since 200. This ranking dubbed Houston the best in America and Omaha, Neb., the third best. -- July 2008
Forbes: Recession-Proof Local Economy
Forbes magazine ranks the Triangle’s economy as fifth on a list of 10 recession-proof local economies. -- May 2008
Best Place For Young Adults
A study conducted by American City Business Journals ranked the Raleigh-Durham market as the best in the nation for young adults, defined as ages 20 to 34. The study examined 10 factors, including growth rates of employment and per capita income, unemployment, percentage of people holding bachelor’s degrees and median rent in the nation’s 67 largest metropolitan areas. Austin was ranked second, Washington, D.C., third. Charlotte placed seventh. -- May 2008
Fortune: A Best Place To Live And Launch
Raleigh’s growing tech industry, support of entrepreneurs and the $2.5 billion renaissance downtown place the Capital City at No. 20 in Fortune’s “Best Places to Live and Launch.” -- May 2008
Rachel Ray: Best City For Singles
Raleigh is named The Best American City for Singles” in Every Day with Rachel Ray magazine. -- January 2008
Late 2007 honors
Money magazine ranks the Triangle the seventh top appreciating metro area. (December 2007)
MarketWatch list Raleigh in the top 25 places for retirement jobs. (November 2007)
The Association of University Research Parks names North Carolina State University’s Centennial Campus the top research science park. (November 2007)
North Carolina is listed as the number one business climate in the U.S. by Site Election. ( November 2007)
Fall 2007 honors
The National Policy Research Council names Wake County the third hottest economic development spot. (September 2007)
The U.S. Census Bureau list Raleigh the third techiest city in America. (September 2007)
Bizjournals list Raleigh as the 12th best market for female execs and women business owners. (August 2007)
Forbes: Best Place To Sell A Home
Raleigh is the best place in the nation to sell a home, according to an analysis by Forbes.com. Forbes cited Raleigh’s “moderate growth and disciplined building” for keeping its real estate market healthy. The analysis used market and real estate data to rate cities by sales rate, recent sales trends and price stability. -- July 2007
Business Facilities ranks Raleigh work force America’s 15th best educated. -- July 2007
One Of The Best Cities For Young Singles
Raleigh joins Washington, Denver, Austin and Lexington, Ky., in Kiplinger magazine’s salute to the best cities for young singles. Among Kiplinger’s criteria: “Four young singles, two factors can be crucial to choosing where to live: Can I afford the rents? And what can I do there? Raleigh is 99 on the cost-of-living index with 100 being the national average." -- June 2007
Prevention: Leading Walking City
Raleigh is named the 12th “best walking city in the U.S.” by Prevention magazine. The criteria used were: percentage of population that walks for exercise; use of mass transit; parks per square mile; points of interest per square mile; average winter/summer temperatures; and percentage of athletic shoe buyers. -- July 2007
Forbes: Best Place To Do Business
“After three years as runner-up, Raleigh grabs the top spot on our list,” Forbes magazine wrote in announcing the Capital City’s placement as the best place in the U.S. to do business. Factors: Raleigh’s economy has expanded 6 percent annually over the past three years; business costs are 13 percent below the national average and 38 percent of the labor force has a college degree. --May 2007
Third Best Area For African-Americans
Black Enterprise magazine named Raleigh-Durham the third best area in American for African Americans. The listing sited higher education, technology and health care as reasons for the exalted ranking, along with the cost of operating a business being 12 percent below the national average. -- May 2007
Forbes Magazine found Raleigh to be the second best city in which to do business out of the 200 U.S. metropolitan areas it rated. "People continue to flock to Raleigh. Unemployment is low. Employers like the low business costs and educated workforce," the magazine stated. -- May 2006
The City Of Higher Education
Data collected by the Census Bureau's American Community Survey shows that 49.7 percent of Raleigh residents age 25 and over residents have a bachelor's degree or higher. That is the third highest average in the United States following Seattle at 51.3 percent and San Francisco at 51.0 percent. -- January 2006
SVLG: Best Overall Value
The Silicon Valley Leadership Group rated eight high-tech areas in the U.S. on the basis of several parameters, including housing costs, quality of education, traffic, the environment and taxes. The Triangle was ranked as the best overall value, ahead of California's famed Silicon Valley, Boston or Austin. -- September 2005
Kiplinger Magazine "Cool City"
Raleigh lands on Kiplinger magazine's list of the seven "cool cities" in the United States. Its description of the Capital City reads: Raleigh "is as hot as it gets, thanks to a healthy job market, a billion-dollar downtown rehab, top universities and plentiful, inexpensive housing." The other cities on the list include Nashville, Minneapolis, Denver, Atlanta, Athens, Ga.; and Austin. -- September 2005
Forbes: Second-Best Place To Do Business
Forbes magazine ranks Raleigh-Durham number two in the nation as "Best Places for Business and Careers" -- May 2005
Nation's Fastest-Growing Work Force
The Triangle has the nation's fastest-growing work force in the life-sciences industries, and the best success rate for bringing biotechnology research ideas to market, according to a study by the Milken Institute, a Santa Monica, Calif., economic think tank. Overall, the Triangle ranked fifth behind traditional life-sciences hot spots Boston, Philadelphia, New York and the San Francisco Bay area. It beat regions such as San Diego, Seattle and Chicago. -- June 2005
