Real Estate Market In North Carolina
Markets in North Carolina also cooled: a residential real estate agent in Greensboro, for example, characterized the market as "slower, with buyers taking their time" [to purchase homes], while a counterpart in Asheville said sales were flat and upper-price-range homes were selling slowly. Pockets of strength remained, however; a Greenville, S.C., agent, for example, said that market activity had been "extremely positive" in recent weeks because of an increase in new businesses relocating to the area. Consistent with generally slowing sales activity across the District, home price appreciation slowed in many areas.
Commercial real estate agents across the District reported stronger leasing activity in recent weeks. Agents cited employment gains and improving local economies as driving forces behind the pickup. Office activity was particularly brisk. An agent in Raleigh, N.C., noted that office leasing had been "crazy," accelerating even further from the strong level of late last year.
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