The State of Economic Development in the Triad

Recently, we had the opportunity to sit down with Bob Leak, Executive Director of Winston-Salem Business Inc., which is the economic development arm of Winston-Salem/Forsyth County.

Winston-Salem Business Inc. "is the only local agency that conducts external economic development marketing. WSBI promotes Winston-Salem and Forsyth County as an excellent business location and provides unparalleled customer service to clients and consultants interested in locating businesses in our community."

We appreciated Bob taking some time to speak with us.  As you'll see in the video, there is a lot going on and tremendous opportunity for our region.  

Are baby boomers to blame?

Recently, there was some positive real estate news concerning the Triad real estate market and we were interviewed by several news outlets.  We'd like to thank Spectrum News 14, the Winston-Salem Journal and the Greensboro News and Record for paying attention to this important economic factor.

Baby boomers to blame...

We thought that it was an interesting headline...but NO, baby boomers are not to blame.  It is no one's fault.  But it is more of the market conditions, but the sentiments are accurate.  

Frankly, it would be nice to see a little bit more inventory.  There are a ton of buyers in the marketplace and a few more listings would help drive a stronger local economy.  See below for the story:

“Buyers are in the market, but frankly we still need more folks to consider selling,” said Brooke Cashion, the association’s president.

“Inventory is becoming more of an issue with only a three-month supply. We would like to see more of a four-to five-month supply.

“However, Winston-Salem is a stable housing market with nice steady growth, and not the spikes we need to try and avoid.”

Triad housing sales keep up solid pace in first half of 2018