Raleigh to see over 15 major developments in the upcoming months

[Peter No]

It's no secret that the RTP area of NC has been growing like crazy with fast real estate market with prices higher than ever. Raleigh in particular is going crazy! Closing times that are half as long as the national average, with most homes closing within 7 days from being listed. A huge seller's market with demand through the roof and supply struggling to keep up. This means homes are not only selling fast, but selling high even in the outskirts. 

This is all thanks to the major developments that Raleigh has been undergoing as recent. We didn't beat out Austin, TC as the number 1 projected real estate market going into 2021 without good reason. From large tech companies moving away from the super cities to a much more cost effective yet still very populous area. With RDU and the three major research universities all in one area, business is booming and money is flowing. 

This article from RALTODAY highlights over 15 major developments across Raleigh. From Raleigh's only Krispy Kreme getting some big renovations to the Litchford 315 mixed use project opening up in the upcoming spring, we are expanding to some incredible heights. Over the next couple years, we'll be seeing more projects like Litchford being developed and opened up for businesses and residents alike. 

With the area experiencing so much current and planned future development, the economy in the area will be as strong as ever. More jobs, more housing, more opportunity for everyone far and wide. No wonder why homes are flying off the MLS in such short time spans. As an investor, getting cold feet on a large project now could mean missing out on huge profit later. The opportunities right now are endless for investors. Fix and flipping is likely to yield quick returns. Buy and holds are likely to appreciate at an astonishing rate. It is truly a market built for investors in my opinion. I know rising prices doesn't always help when buying but it sure does help when selling.

What is everyone else's thoughts about the area? I'm especially interested in reading about any concerns people have for the market that I might be missing and should keep track of. As whole across the country too, what are the trends in some of the other major cities like New York or the DFW area, etc.?