The Triangle housing market has never been hotter. The historically low inventory is going faster than the brokers can process the paperwork, Jim Allen Group President Jim Allen told Invest:Insights. They have seen an emphasis on the escalation clause in offers as a result of the tight market. As a result of the low inventory, they’ve had to knock on doors and call old sales to see if they can list. The Triangle’s continued migration and business expansion has bolstered urban sprawl creating opportunities for areas as far back as three hours away from Raleigh, Allen said.
