Housing
Positive Press on our Jobs & Housing Markets
In the last six months – the Fayetteville jobs and housing marketing has received lots of positive press. Greater Fayetteville’s economy has remained relatively stable through the country’s recession.
JOBS
In November of 2009, Fayetteville was ranked as the 31st best performing city in America in the Milken Institute’s report “Best Performing Cities: Where America’s Jobs are created and Sustained.” In 2008, Fayetteville was ranked 52nd place – and has made a leap of 131 places since 2003. Fayetteville ranked third in the state behind Durham and Raleigh, and was only one of two North Carolina cities that did not decline in the rankings. In 2008, Fayetteville ranked 6th 6th in the state.
According to a Manpower Survey, the job outlook is strong in Fayetteville. Fayetteville employers plan to hire steadily throughout the first quarter of 2010, making the employment outlook in the area the third best in the nation. The best job prospects for the first quarter of 2010 are: nondurable goods manufacturing, wholesale and retail trade, financial activities, leisure and hospitality and government.
HOUSING
Home values in the nation increased for three straight quarters in 2009, ranking the community No. 1 ranking in the nation for appreciation, according to Zillow.com. The median home value the market increased 10.8 percent to $123,200 in the third quarter, compared with the same period last year.
According to US News & World Report, Fayetteville is one of the Top 10 communities in the country for real estate steals. Direct from USN&WR article -
“To get a better sense where home buyers are most likely to find houses that are undervalued when compared with their longer-term averages, U.S. News turned to Moody’s Economy.com. The economics firm provided average and quarterly price-to-income data for each of the nation’s 384 distinct metropolitan statistical areas. By comparing the most recent figures with longer-term averages, we were able to compile a list of 10 cities for real estate steals.”
Fayetteville ranked 7 out of 10 communities highlighted. Others on the list were Memphis, TN; Washington, DC; and Cincinnati, OH.
It’s a good time to own a home in Fayetteville
Are you wondering wether or not to buy a home in Fayetteville?
Here are two positive reports that came out over the last several months:
1. Parade magazine applauds Fayetteville for being one of the best real estate markets in the country. “As most of the country struggles with the worst housing slump in 70 years, maybe we could all learn from Fayetteville, NC,” begins the article by George Anders. (www.parade.com)
2. The cover story for the May issue of Newsmax Magazine is ” The Cities & Towns with the Best American Values.” In a top 25 list, there’s Fayetteville coming in at No. 14. (www.newsmax.com/cities)