/Yes, home prices will go up when Apple comes to the Triangle – WRAL.com

Yes, home prices will go up when Apple comes to the Triangle – WRAL.com

Real estate experts say Apple’s announcement that it will build a $1 billion campus in Research Triangle Park will no doubt increase property values in the already desirable Triangle.

“It’s great for our area and the community,” says Matt Horton, director of the marketing for Coldwell Banker Howard Perry and Walston. “The Apple announcement only amplifies the situation. It’s a great problem to have.”

From Pittsboro to Clayton, Wake Forest to Dunn, home prices are already booming. It is in those smaller towns, outside of the Raleigh-Durham urban center, where home buyers will find the greatest value as the population grows.

“We are seeing a lot of affordable housing go outside the city limits, which is good because the tax rates are lower out there,” Horton says. “We are seeing a lot more amenities go out there too. So we are seeing when people are building neighborhoods out in Clayton, we are seeing strip centers and things like that, so they have everything they need.”

Wake County Commissioner Matt Calabria says he and his peers on municipal councils are are committed to keeping Raleigh and other parts of the county affordable.

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