What’s up with the Raleigh Housing Market?

The U.S. News Housing Market Index named Raleigh, North Carolina, “The Hottest Housing Market in the U.S.” The index also named the Durham MSA (Durham-Chapel Hill) one of the top markets tied with Austin, Texas. The article cites the following reasons for the continued success:

Besides benefitting from huge amounts of interest due to the combination of record-low mortgage rates and the desire for more living space during the COVID-19 pandemic, these markets have managed to hold onto their popularity even as workers have returned to offices and lending rates have trended up. Each MSA also offers the lure of big-city amenities without the disadvantages of the largest cities such as New York, Los Angeles, or Chicago.

You can read about the ranking on the U.S. News and World Report website.