Triangle Housing Prices Could Spike With Addition of Apple or Amazon

The director of Raleigh’s Housing and Neighborhoods Department, Larry Jarvis, said all of the new downtown housing buildings under construction are high-end units and cannot be considered affordable. However, he said more affordable options will become available as a result of the new construction.

”Any time that you add to supply, through what we call the filtering process, is people move up into the newer units. They move out of older units that are more affordable, so we’re still adding to affordability by just adding product itself,” Jarvis said.
— Robert Richardson - WNCN
Brent Woodcox