Cary proposes 400-unit apartment complex as Raleigh home values dip

Cary could see up to 400 new apartments along East Chatham Street if the town approves a proposed development, Hoodline reported. The Raleigh News & Observer confirmed the same proposal, noting that the project is pending town review and could significantly alter the downtown landscape. Meanwhile, in Raleigh, the typical home value stood at $428,267 in September 2026, down 1.7% from the previous year, according to the Zillow Home Value Index. The decline comes as local real estate activity shifts, with a hotelier listing an $8.5 million home inside the Beltline, The Business Journals reported. The property, located in a high-end neighborhood, reflects ongoing interest in luxury residential assets despite broader market softening. In another development, a troubled Raleigh college is exploring real estate sales as a bankruptcy judge warned time is running out, The Business Journals reported. On the commercial side, Highwoods Properties reported its Q3 earnings snapshot across both Yahoo Finance and kare11.com, though neither provided specific details about its North Carolina holdings. The company’s overall financial performance was summarized, but no regional breakdowns or future development plans were disclosed.