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Raleigh home prices holding up, comparatively speaking

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Readers of The Wall Street Journal are learning today what those of us here in the Triangle already know: Our local housing market isn't as bubble-busted as the rest of the country.

The newspaper's quarterly analysis of housing data in 28 major real estate markets shows that home prices in the Raleigh market were down 5.7 percent from their peak.

That's the second-smallest drop of any of the cities the Journal looked at. The only place holding up better than here: Nashville. 

Read the story here.

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About the blogger

Business reporter Jack Hagel covers real estate for The News & Observer. Look for his Real Deals column about local deals and industry trends in the newspaper's business section on Thursdays. Jack can be reached at (919) 829-8917 or jack.hagel@newsobserver.com.
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