Raleigh is the seat of the Wake County and the capital city of the State of North Carolina located in the South Eastern Part of the United States of America. Raleigh is the second largest city in the state and it occupies an area of 375 square kilometers with a population of 403,892 people. Raleigh is one of the fastest growing cities in the country and due to the huge presence of oak trees in the city, it is also called as the “City of Oaks”. Due to its geographic location, Raleigh city has a humid subtropical climate with hot, humid summers and cool winters.

Being a commercial region, the Raleigh city is also a popular tourist destination with numerous attractions which include Lake Jhonson Park, Wil-Mar Golf Club, Joel lane Museum House, Moore Square, African – American Cultural Complex, Laurel Hills Park and Recreational Center, Raleigh City Museum, Bennett House, Legislative Building, Acorn in Moore Square, Burning Coal Theatre, North Carolina Symphony, Hillsborough Chamber of Commerce and Visitor center and many other attractive sights. The major industries that largely contribute to the economy of Raleigh city are the manufactures of pharmaceuticals, electronic equipment, electrical machinery, processed foods, and metal products industries.

In the past few months the real estate Raleigh is going through a rough phase. The property market is struggling in the city of Raleigh since the last quarter of 2010 in spite of the low interest rates and a temporary slowdown in bank foreclosures. Because of higher down payment requirements and tougher qualification standards, the property investors continue to struggle to obtain financing and is expected that banks will accelerate the foreclosure process and interest rates will rise, which will negatively impact prices. Thus, according to a latest survey, it is analyzed that there are more or sellers compared to buyers in the local property market.

Due to the elimination of the first-time homebuyer tax credit and an increase in repeat buyers who are purchasing second homes and investment properties, there is a strong decline recorded in the property market in Raleigh. However, the biggest obstacle for the buyers is the financial aspect. In order to increase the property demand in Raleigh, the government has enabled an important measure to offer affordable housing loans for the middle and lower class people. Even the real estate agents are not of any help if you want to buy house Raleigh.