Smart Money Reports Good News for Mungo Markets

The November issue of Smart Money magazine recently reported good news on the housing industry, highlighting two of the Mungo markets: Columbia and Raleigh. Smart Money blames constant negative reports on “boom or bust” markets like Las Vegas, Miami and Phoenix but reports that there are markets poised to rebound. On a list of the 25 new home markets likely to rebound quickly are Columbia and Raleigh. Columbia, number seven on the list, is cited because of the military population, state government and university workers combined with a healthy influx of retirees. Raleigh, 23rd on the list, is cited for a new home market that hasn’t seen a terrible slump. Job growth, hence the new home market, is supported by tech jobs in the Research Triangle. New homes in walkable neighborhoods are also on the rise in the Raleigh area.