Raleigh, N.C. is experiencing a population boom that is driving up home prices to record highs. Despite an increase in the inventory of homes nationally, sales in the Triangle area are stagnating due to high mortgage rates. Real estate agent Hunter Cutright notes that the competitive market in the Triangle is causing most homes to receive multiple offers, with buyers staying in their homes longer due to low interest rates. Builders are working to meet demand, but more inventory is needed in the long run. Cutright recommends new construction homes as a viable option, especially for first-time homebuyers. With job growth and population growth fueling the real estate market, the current lack of inventory is driving prices up and making the buying process discouraging for some. The Triangle area remains a desirable location for buyers, but the market remains competitive.