Coming out of the recession, Raleigh-Durham, N.C., seemed to be one of those can’t-miss real estate markets. Its economy and demographics were exactly what builders, developers, and investors coveted in terms of potential growth. And competitive conditions seemed ripe for the picking.
So the gold rush began, and aggressive construction of multifamily apartments followed. Maybe a bit too aggressive, say some industry watchers, who uniformly identify Raleigh-Durham among the handful of go-go markets whose building activity might be getting ahead of demand.
Read more...The Dirty Word: "Overbuilt" Markets Possibly Loom on the Horizon - Construction Trends - Multifamily Executive Magazine
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