R.E.Market Durham

Real Estate Market Durham. The saying goes, "All real estate is local". So true. But real estate is a fascinating animal. It is very small and very big at the same time, and is a metaphor for all that we hold dear in American culture and society - community, safety, risk, dreams, and unbridled optimism. Here, you'll see the everyday and the extraordinary. I want to REMarket the local conversation about real estate. I won't have all the answers, but hopefully I'll ask the right questions.

Thursday, January 24, 2008

East Durham Gains New Energy

Local journalism fixture Jim Wise has been writing a series of articles about East Durham in The Durham News. The area east of downtown (and one of the quickest connections to Research Triangle Park) has long been characterized by crime and vacant housing. It is also listed on the National Register of Historic Places and holds the last concentration of historic, turn of the century homes in Durham.
The neighborhood has good bones - ie, good strategic location and housing stock - but has been plauged by significant changes in the area economy and stalled redevelopment plans. According to Jim's articles, it looks like the redevelopment machine is starting up again, fueled by a group of new residents drawn to the area's character and the potential of its historic homes.
As neighbors in western and southern Durham become more expensive, the east side may become a haven for those looking for affordable and conveniently located homes in the city. If all goes as planned, moderately priced new construction will rise soon near the old Victorian and Queen Anne architecture. Durham is a city of great wealth and opportunity, but also one where the stubborn roots of poverty have taken hold. A change on the east side will make the entire city a better place - you know, weakest link and all that.
Read Jim's articles:
Better Homes and Advocates
City also getting involved in E. Durham makeover

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