Why Raleigh Area Weathers Financial Storms.

Hi again. Vic Kaspar, here, lead broker, for the Kaspar Team, ReMax United.

Did you know that Raleigh,Durham, Cary has the Royal Flush for real estate stability.

How do I know that? When I used to travel the country to locate
stable and growth potential areas to do business, I used this accepted
formula to find a town or city that was excellent, and yet balance in economic foundations; the criteria was:
A) Have a major University
B) Be the Capital City
C) Have an Industrial Park, or dedicated business concentration that would
attract business and employees and service industry to the main enterprise.
D) Have a diverse economy. IE: not just only Agricultural, or only Industry, Service, Research, etc, but at least 3 different strengths so that jobs and the economy was not supported by just one thing.

In Raleigh, Durham, Cary and Chapel Hill, for economic and real estate stability,
we have:

A) Not one, not two, but 3 Major Universities, UNC, NC State and Duke, plus other
fine smaller colleges and a great Technical College, with Parents supporting their children, and football, basketball, other sports bringing in Millions

B) Research Triangle Park (7,000 acres), with over 159 firms employing over 35,000 people:
• Business and Professional Services (25 companies/842 employees)
• Environmental Sciences (8 companies/1,430 employees)
• Financial and Insurance Activities (3 companies/2,575 employees)
• Information Technology (35 companies/20,849 employees)
• Life Sciences (48 companies/9,715 employees)
• Materials Sciences and Engineering (21 companies/1,187 employees)
• Retail Amenities and Service Providers (6 companies/197 employees)
• Scientific Associations, Foundations, and Institutes (18 companies/4,030 employees)

C) Raleigh is the Capitol City, with other towns in N.C. sending in their tax dollars

D. There is a diversity not only economically in the area, but also among the population.
Research Triangle Park's High Tech jobs bring in the 'best of the best' from all over the
world, and the University system attracts people from all walks of life from all over
the United States and beyond.

This 3 legged stool is vibrant and strong. And because of this, the growth is steady and measured, without the erratic ups and downs of some Real Estate Markets like Los Vegas for example. Our appreciation is a steady 3 to 5% (and more), and with students who graduate from College here, staying here, the State Capitol growing along with the state, and the RTP Global in reach, serving this flat new world with high tech service and beyond, all combine to make Raleigh, Durham, Cary area of N.C. a sound and economically wise place to invest in Real Estate for pleasure and/or profit.