How Coronavirus is expected to affect Chapel Hill, Durhan & Raleigh
Currently, March 23 2020, real estate sales are strong in Raleigh, Chapel Hill and Durham. Houses are still getting offers within 24 hours of being lists and multiple offers are coming in.
In this Brookings study about what places a covid 19 recession will hit hardest, we see that "among the 100 largest metro areas, the economically safest are mostly tech-oriented university towns. Provo, Utah is the least exposed, followed by Durham-Chapel Hill, N.C., Hartford, Conn., Albany, N.Y., and San Jose, Calif."
This is in contrast to cities focused on tourism and gas like Honolulu, Las Vegas, Laredo & Midland Tx, which are expected to be hit the hardest during the covid 19 recession. It is also expected that agriculture based cities will fair well.
Any other thoughts - comments welcomed.