New Virginia Tech-Carilion expansion could boost Roanoke real estate market

New Virginia Tech-Carilion expansion could boost Roanoke real estate market


OKE VALLEY HOUSING MARKET COULD BE HEADED FOR A BIG BOOST. TOMORROW, GOVERNOR TERRY MCAULIFFE IS HEADED TO THE AREA TO CELEBRATE CONSTRUCTION OF A MULTI-MILLION DOLLAR CARILION VIRGINIA TECH MEDICAL RESEARCH FACILITY. WHILE CONSTRUCTION IS JUST BEGINNING, REAL ESTATE EXPERTS ARE ALREADY LOOKING TO THE FUTURE… PREPARING FOR AN INFLUX OF PEOPLE NEEDING A PLACE TO LIVE. 10 NEWS REPORTER ALISON WICKLINE BRINGS US THE DETAILS. THE VIRGINIA TECH/CARILION FOOTPRINT CONTINUES TO GROW IN THE ROANOKE VALLEY. ON TUESDAY, CONSTRUCTION WILL OFFICIALLY BEGIN ON A NEW MASSIVE BIOMEDICAL RESEARCH EXPANSION. AND THAT EXPANSION WILL LIKELY HAVE A RIPPLE EFFECT ON THE REAL ESTATE MARKET. KATHY CHANDLER / PRESIDENT, ROANOKE VALLEY ASSOCIATION OF REALTORS 11:42:46 “AS FAR AS CARILION COMING IN AND EXPANDING, YOU WOULD THINK THAT THEIR CORE PEOPLE WOULD BUY AND THEN STUDENTS WOULD BE RENTERS SO I CAN DEFINITELY SEE A PUSH COMING FROM THAT INFLUX OF PEOPLE.” 11:43:01 THE $90 MILLION PROJECT COULD BRING HUNDREDS, EVEN THOUSANDS, OF NEW STUDENTS AND RESEARCHERS TO THE AREA. ACCORDING TO REAL ESTATE EXPERTS, THOSE NEW ARRIVALS WILL BE ENTERING A MARKET THAT HAS BEEN STEADILY GROWING SINCE THE RECESSION. KATHY CHANDLER / PRESIDENT, ROANOKE VALLEY ASSOCIATION OF REALTORS 11:41:45 “THE HOUSING MARKET AND THE RESIDENTIAL SALES HAS BEEN STRONG ALL YEAR LONG. AS A MATTER OF FACT, LAST MONTH, WE SOLD MORE HOUSES IN A SINGLE MONTH THAN WE HAVE SINCE 2005.” 11:41:57 ACCORDING TO THE U.S. CENSUS, ROANOKE’S POPULATION HAS BEEN INCREASING SINCE 2010. CHANDLER CREDITS NEW ECONOMY BOOSTERS LIKE HEALTHCARE, RESEARCH TECHNOLOGY AND CRAFT BEER WITH CAUSING THAT INCREASE . MORE PLACES TO WORK MEANS MORE PEOPLE NEED PLACES TO LIVE. KATHY CHANDLER / PRESIDENT, ROANOKE VALLEY ASSOCIATION OF REALTORS 11:48:27 “PEOPLE ARE TAKING ADVANTAGE OF BEING IN THE BLUE RIDGE. ROANOKE IS DOING A VERY NICE JOB OF MAKING THAT A SELLING POINT TO ATTRACT YOUNGER PEOPLE TO COME IN AND EXPERIENCE ROANOKE FOR THE FIRST TIME.” 11:48:40 IN ROANOKE, ALISON WICKLINE, 10 NEWS WORKING FOR YOU. THE CONSTRUCTION KICKOFF FOR THE NEW VIRGINIA TECH CARILION RESEARCH FACILITY BEGINS TOMORROW AT 1:30 AT THE V-T-C HEALTH SCIENCES AND TECHNOLOGY CAMPUS.

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