I don't doubt that. I can remember when it used to take at least 6 months for a house to be built. Now it seems builders are throwing them up in 6 weeks! I'd take a good, solid house that was built 30+ years ago over some of the new ones any day.
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What area of Raleigh, if you don't mind me asking. I'm an NC native, born in Raleigh, grew up in Clayton, live near McGee's Crossroads (Johnston county) now. I know it's practically a miracle if you can afford just about anything on 1 1/3 acres in Raleigh these days!