New homebuyers, long-time residents struggle with rising prices

CLASSES AND BE MONITORED FOR 90 DAYS. GENERAL AARON THOMAS LIVE IN DURHAM, THANK YOU, AARON. >> IF YOU’RE IN THE MARKET FOR A HOME UNDER $500,000 IN RALEIGH, YOUR SELECTION IS GOING IN THE LOWER EVERY DAY. AS OF 10 O’CLOCK TONIGHT. THEY’RE JUST 92 SINGLE-FAMILY HOMES AVAILABLE IN THAT PRICE RANGE, MAKING MATTERS WORSE. RISING PROPERTY TAXES WRAL’S JULIAN GRACE JOINS US LIVE FROM RUN RALEIGH NEIGHBORHOOD WITH ONE MAN’S STRUGGLE. MANY OF US CAN RELATE TO JULIAN YEAH, YOU KNOW, WE KNOW WE WALKED A LOT OF NEIGHBORHOODS JUST LIKE THIS WHERE HOMEOWNERS HAVE LIVING IN THESE COMMUNITIES IN THESE HOMES FOR DECADES. BUT SOME ARE CONCERNED THAT COULD POSSIBLY CHANGE. >> IF PROPERTY TAXES KEEP GOING UP. >> LOOK AROUND OR JUST ASK ANY REAL OR 2. AND THEY WILL TELL YOU THERE ARE NOT A LOT OF HOMES ON THE MARKET. WE HAVE EXTREMELY LOW INVENTORY AND WE HAVE A LOT OF MIGRATION TO THE AREA AND THEREFORE, WE’RE JUST LOOKING AT A SITUATION WHERE WE HAVE A WHOLE LOT OF BUYERS AND VERY FEW SOAKERS. HOW MUCH DO YOU LOVE YOUR NEIGHBORHOOD? >> WELL, I MEAN, I I LOVE IT. YOU KNOW, TO THE POINT THAT, YOU KNOW, THIS I DON’T SEE MYSELF LIVING ANY OTHER WHERE ISAAC WHITE IS NOT A BUYER OR A SELLER. HE’S ALIVE FOR HIS OWN. HE WANTS TO STAY IN THE PLACE. SHE’S CALLED HOME FOR 32 YEARS IN SOUTHEAST RALEIGH. >> BUT THERE’S ONE PROBLEM, THOUGH, IN THE LAST COUPLE YEARS, MY TAXES ALMOST DOUBLE. YOU KNOW, THAT THIS HAS. >> I’M DEFINITELY IMPACTED ME. MY INCOME. YOU KNOW, THOSE TYPE OF THINGS. WHY DOES NOT ALONE EARLIER THIS MONTH, HE AND OTHERS FILED INTO SAINT AMBROSE CHURCH. >> THEY GATHERED AS A GROUP CALLED ONE WAY TO TALK ABOUT HOW TO GET WAKE COUNTY COMMISSIONERS TO FULLY FUND A NEW GRANT PROGRAM PROVIDING PROPERTY TAX ASSISTANCE UNIT HELP TOO COUNTLESS PEOPLE THAT, YOU KNOW, THEY’RE STRUGGLING, YOU CLOSE TO BEING ON A FIXED INCOME. WELL, AS SO MANY OF MY FRIENDS ARE, YOU KNOW, THERE’S A LOT BEING IN SO IF THEY OWN THE FIXING COMING ALL TAXES TO BE IN, YOU KNOW, INCREASE AT THESE NUMBERS, THE INCOME DOESN’T COMPORT WITH. SO WHILE OTHERS ARE LOOKING TO BUY AND IT’S DEFINITELY A STRUGGLE, IF YOU’RE A FIRST-TIME HOMEBUYER, JUST A WIDE, I’M ENJOYING JUST WANTS TO STICK AROUND. THIS IS MY EARTHLY HOME. I LOVE IT HERE. >> WELL, MISTER WHITE AND ONE WAKE AND OTHER RESIDENTS IN THE COMMUNITY, THEY ARE CONSTANTLY WORKING TOGETHER, LENA TO SEE IF THEY COULD GET SOME TYPE OF PROPERTY TAX RELIEF. >> WE’LL CONTINUE TO FOLLOW. THEIR ATHLETES IS ARE HOMEOWNERS THAT HAVE A LOT OF PRIDE IN THEIR NEIGHBORHOODS.