Welcome back to Cappy Hour! Cappy Hagman of Coldwell Banker Howard Perry and Walston recently joined 97.9 The Hill’s Brighton McConnell for her monthly check-in and discussed some major business news recently announced to the community.
“It’s a wonderful thing, it validates our state,” she said. “I personally think we live in the prettiest part of the prettiest state on the East Coast.”
“From a real estate perspective, though,” Cappy added, “the pressure that this is going to put on a market that is already insane [is immense.]”
Apple’s expansion to North Carolina comes as the company is looking to create more than 20,000 new jobs across all its locations in the next five years. The technology company said it will invest $1 billion to create the campus within the Research Triangle Park, which will then house nearly 3,000 new jobs in machine learning, artificial intelligence, software engineering and other fields.
Cappy said it’s important to remember these jobs are just the beginning when you consider the additional people who will move to the area for jobs at places like grocery stores, restaurants and other services that will become a need to accommodate more residents. She said she believes it could have ripple effects on the real estate market from as far west to the Triad to as far east as the mid-plains region.
“If you look historically at what happened to real estate back when the current Research Triangle started, you’re going to see a continuation of that” Cappy said. “People chase housing, they chase schools and we have an abundance of excellent schools in this community. I really think this is going to be [affecting] anywhere in an hour, hour-and-a-half commute.”
Apple announced the Research Triangle Park will be the site of its newest campus, the first on the East Coast of the U.S. As a result, a busy real estate market could see sustained activity. (AP Photo/Matthias Schrader, File)
While Apple has not yet announced a timeline on when the new campus is expected to be constructed, let alone completed, the impact on the local housing market could be sustained. Cappy said to counter that, she hopes to see local elected officials, as well as community leaders, builders and the real estate commission, take action to calm a “crazy” atmosphere and address the housing inventory.
“We want to keep people here, we don’t want them to not move here because there’s no housing,” said Cappy. “Everybody that comes here comes with a story and brings something to us, and we need to keep it that way.”
Listen to Brighton and Cappy’s full conversation below. Whether you’re interested in buying or selling a home in our area, or you want to ask Cappy’s honest opinion about your own home’s curb appeal, chat with Cappy directly by emailing CappyHour@wchl.com.
Cappy Hagman is a native North Carolinian and proud graduate of UNC-Chapel Hill. She has lived most of her adult life in the Triangle and thinks it is just the best place to live! Cappy has been a licensed Real Estate agent since 2004 and to this day she greets her job with the same excitement and enthusiasm as she did on day one. Cappy believes her clients deserve the best and that’s what she strives to deliver everyday!
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