North Carolina's low cost of living and high quality of life have brought homebuyers to the Tar Heel State for much of the past decade, but 2020 has been on another level.
His wife worked remotely as a program manager for a central lab nearby, and a move would allow her more time in the office. Plus, "the cost of living on Long Island really was getting to be insane," Steven, 40, told Business Insider. "But I had a good job and didn't see the point in leaving." "We've been a desired area for years," said Linda Trevor, who's been an agent in the Raleigh area for 21 years. But she said she'd never seen anything like the current market.The pandemic has heated up the already hot Research Triangle
Trevor agreed, saying she could've easily sold more had the inventory been there. "The buyers can't find the houses," she said. "Sellers don't want to leave. Downsizing is impossible right now." Edwards said that design concepts and permit approvals for new builds take a significant amount of time, often up to a year, and that COVID-19-related office closures delayed the approvals needed to finish jobs. On top of that, building materials are back-ordered, and price hikes for materials have left builders uncomfortable passing those costs on to buyers.
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