The economy has changed and it has some college graduates rethinking the traditional "American dream" of buying a house.
Many college graduates and college seniors in Raleigh, NC are more focused on looking for jobs.
It used to be when you graduated that you would get a job, buy a house, and start a family. These days, college grads are either not finding jobs that are paying enough to feel they can qualify for a traditional mortgage, or not feeling like they want to spend all that money on interest, when they can invest it instead. Renting a one or two bedroom apartment seems a better option for many college graduates.
Many people are opting to rent.
Graduates want to feel confident and stable in a job before opting for a mortgage, in this economy, security is a rare commodity for many.
If the economy plummets again, there are many out there who don’t want to be trapped in a 20 or 30 year loan.
The Triangle area does have diverse work opportunities. Auston Grove Apartments has the environment and the location for new college graduate looking for apartments in Raleigh, in the Research Triangle area. Contact us for more information on our apartment homes.