There have been more "relocatees" renting upon arrival instead of buying, for a couple of reasons. Some are waiting to sell a home in their former location. Others are spending extra time getting used to the area before purchasing a home, as they want to make sure their new home is just the right fit for a long stay. Folks are still moving to the area in record numbers - the Raleigh/Cary area was just projected to have the highest growth rate in the nation through 2025.

http://triangle.bizjournals.com/triangle/stories/2009/06/15/…

As a matter of fact, it's projected to double in size! This should ensure that rentals in strong areas continue to have high demand.

It depends on which part of the market. My rental in Cary is never vacant, new tenants as soon as the old ones move out. The management company I work with says they rent good locations in Cary and North Raleigh very quickly for good rentals.

If the location is less desirable and the schools are not at the top of the list, a tenant might be able to negotiate a better rent.

There are plenty of properties available, as investors are buying in the Triangle, because we are one of the best markets in America.

If you want to invest here, go to http://www.SellHighBuyLow.com for a background on the reasons why we have such a good market.