Great News for Gen Ys Who Live in or Want to Relocate to Raleigh
by Kathryn Dunkle, Client Coordinator
The Greater Raleigh Chamber of Commerce reported recently on the state of the labor market in Raleigh:
A recent study ranks Raleigh’s labor market No. 1 in the country for people ages 18 to 34. G. Scott Thomas conducted the survey. Thomas is a researcher with American City Business Journals, parent company of Triangle Business Journal.
The Survey 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.
The Triangle’s diverse industries attract a variety of people each year. Raleigh’s many new and flourishing companies and attractive nightlife also lure young adults to the area.
Rapid expansion and a growth rate ranked fourth best in the country contributed to Raleigh’s first-place finish. Our three major research universities–North Carolina State University, ???????? ????? ????????University of North Carolina at Chapel Hill and Duke University also contributed to the ranking, as many students remain in the Triangle after graduation.
Raleigh adds this most recent honor to its credits–along with a second straight Forbes magazine ranking as the best place for business and careers.
For more information about real estate in Raleigh, NC, contact Buyers Advantage Group Realty today!
Fuel prices are going to affect the real estate market in the very near future, in fact it may already be going on. As more and more home buyers come to the triangle, they are going to find a buyers’ market where prices are quite competitive, but they are also going to find daily commutes that top the twenty mile mark. That fact is going to change the way that people choose their home, it is quite possible that looking into the future the most desirable neighborhoods will seem less so, and new neighborhoods will see growth by their proximity to large area employers, or to large area work centers. It is true that some neighborhoods are already well positioned with respect to those factors, it is also true that some are far from it.