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By Keenan Willard, WRAL Eastern North Carolina press reporter While the real estate market in Nash and Edgecombe counties is hitting record highs, not everybody in Rocky Mount is seeing that success. The city is now handling a real estate inequality problem that's been generations in the making. "It's favorable [that] we're selling more homes than we ever have," stated Terry Stevens, the executive director of Rocky Mount Association of Realtors.
"We're seeing a great deal of people from Raleigh relocating to the external edge of our counties," Stevens stated. There's also been a surge in investment in the area and across the state, with economists stating that's caused a scarcity of offered homes throughout North Carolina. "Despite the fact that the pandemic has actually been a major issue for the economy internationally, we enjoy a really heated real estate market where homes are moving very rapidly when they go on the market," Carolinas Entrance Collaboration President Norris Tolson stated.
"It's amazing that there's interest in Edgecombe County, due to the fact that there hasn't been for an extended period of time," stated Susan Perry Cole, North Carolina Association of Community Development Corporations president and CEO. Rocky Mount is divided in between majority-white Nash County and majority-Black Edgecombe County. On the Edgecombe County side, Perry Cole stated the sticking around impacts of partition and absence of investment have left a space in economical housing.