This is great news for those of us who live in or are moving into the greater Raleigh area. Forbes.com recent online article, America’s Recession-Proof Cities, by Joshua Zumbrun, ranked Raleigh as #5 out of 10, when compared to the nation’s 50 largest metros. Forbes.com found Raleigh recession proof based on these favorable stats:
Median home price: +4%
Unemployment: 4.2% (from 3.7%)
Key growth: Professional and business Services, +7.4%; education and health, +6%
Stable home prices and growth across the different sectors of its economy have kept Raleigh strong. In the last 12 months, all industries measured by the U.S. Department of Labor have grown except for the city’s small information sector.