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Axios Raleigh Partners

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A daily look at the most significant and interesting stories affecting Raleigh.

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Outdoor sleeping ban vetoed, but override likely

An override would require local governments to enforce new camping restrictions and could upend budgets.

Politics

North Carolina Gov. Josh Stein vetoed a bill that would <a class="gtmContentClick" data-vars-link-text="ban outdoor camping on most public property" data-vars-click-url="https://www.axios.com/local/raleigh/2026/07/01/north-carolina-legislature-diaper-tax-homeless-camping" data-vars-content-id="7f7b5584-4ff5-47d7-a2d3-7b1168e394fe" data-vars-headline="Outdoor sleeping ban vetoed, but override likely" data-vars-event-category="story" data-vars-sub-category="story" data-vars-item="in_content_link" href="https://www.axios.com/local/raleigh/2026/07/01/north-carolina-legislature-diaper-tax-homeless-camping" target="_self">ban outdoor camping on most public property</a> statewide, but Republicans appear to have enough votes to override him.Why it matters: If the veto is overturned, local governments that have already adopted 2026 budgets could have to quickly change how they respond to people experiencing homelessness.

Raleigh moves to enact youth curfew in response to "teen takeover" 

A "teen takeover" in Brier Creek and Glenwood South led to several shootings.

News

The Raleigh City Council moved Tuesday to enact a youth curfew in the city after “teen takeovers” led to violence across the city over the holiday weekend. Why it matters: The proposal would mark a major shift in how Raleigh responds to juvenile crime, and underscores the challenge <a class="gtmContentClick" data-vars-link-text="cities nationwide face" data-vars-click-url="https://www.axios.com/local/washington-dc/2026/03/27/youth-curfew-extension-teen-takeovers-navy-yard" data-vars-content-id="92d56842-92d7-4012-88ae-1db22faa7073" data-vars-headline="Raleigh moves to enact youth curfew in response to &quot;teen takeover&quot; " data-vars-event-category="story" data-vars-sub-category="story" data-vars-item="in_content_link" href="https://www.axios.com/local/washington-dc/2026/03/27/youth-curfew-extension-teen-takeovers-navy-yard" target="_self">cities nationwide face</a> as social media-fueled youth gatherings increasingly test public safety resources.

Proposed state budget would legitimize prediction markets in North Carolina

Some critics of prediction markets are calling it a "sweetheart deal."

Business

A provision in North Carolina&#x27;s proposed state budget that would authorize prediction markets is fueling some criticism, with one group calling it a &quot;sweetheart deal&quot; for prediction market companies. Why it matters: Prediction markets are currently <a class="gtmContentClick" data-vars-link-text="regulated at the federal level" data-vars-click-url="https://www.axios.com/2026/06/10/cftc-prediction-markets-sports-event-contract-rules" data-vars-content-id="005cb3fd-849a-4f72-a44b-631512620ca7" data-vars-headline="Proposed state budget would legitimize prediction markets in North Carolina" data-vars-event-category="story" data-vars-sub-category="story" data-vars-item="in_content_link" href="https://www.axios.com/2026/06/10/cftc-prediction-markets-sports-event-contract-rules" target="_self">regulated at the federal level</a>, which treats them as futures contractors rather than gambling sites. <ul><li>But critics say futures contracts are <a class="gtmContentClick" data-vars-link-text="no different than gambling" data-vars-click-url="https://www.axios.com/2026/02/17/cftc-prediction-markets-mike-selig" data-vars-content-id="005cb3fd-849a-4f72-a44b-631512620ca7" data-vars-headline="Proposed state budget would legitimize prediction markets in North Carolina" data-vars-event-category="story" data-vars-sub-category="story" data-vars-item="in_content_link" href="https://www.axios.com/2026/02/17/cftc-prediction-markets-mike-selig" target="_self">no different than gambling</a> and should be regulated state-by-state, Axios previously reported. </li></ul>

Why North Carolina's governor signed the state budget

Gov. Josh Stein signed the "compromise" legislation on Tuesday, despite misgivings.

Gov. Josh Stein signed North Carolina’s state budget into law Tuesday, one week after lawmakers unveiled the <a class="gtmContentClick" data-vars-link-text="long-awaited spending plan" data-vars-click-url="https://www.axios.com/local/raleigh/2026/06/30/north-carolina-lawmakers-release-full-state-budget-proposal" data-vars-content-id="27f9e270-f7b1-4d58-9bcc-1715cedf24b6" data-vars-headline="Why North Carolina&#x27;s governor signed the state budget" data-vars-event-category="story" data-vars-sub-category="story" data-vars-item="in_content_link" href="https://www.axios.com/local/raleigh/2026/06/30/north-carolina-lawmakers-release-full-state-budget-proposal" target="_self">long-awaited spending plan</a>.Why it matters: The Republican-written budget will significantly raise teacher pay, but also includes tough pills to swallow for the Democratic governor — including cuts to hundreds of state jobs and raises that, in many cases, don’t keep pace with inflation.

Choose a new home in one of America's fastest-growing areas

Wake County buyers may have more homes to choose from than they did a year ago — more than 20% more, per Triangle MLS data — but affordability is still doing the math for most, with the median home price climbing closer and closer to $500,000.

Real Estate

Wake County buyers may have more homes to choose from than they did a year ago — more than 20% more, per Triangle MLS data — but affordability is still doing the math for most, with the median home price climbing closer and closer to $500,000.

Why Triangle homebuyers are picking boutique firms

Small real estate firms like J Patterson Realty can provide white-glove service with deep personalization.

Partners

In the Triangle&#x27;s housing market — spanning Raleigh, Durham, Chapel Hill and Cary — steady demand and shifting inventory are raising the stakes for buyers and sellers.Why it&#x27;s important: For clients navigating big life transitions like relocating, upsizing or investing, property is just one part of the puzzle.<ul><li>These clients require clarity, confidence and a trusted partner throughout the process.</li></ul>

North Carolina GOP lawmakers consider reducing property taxes

Property taxes fund everything from schools to public safety in North Carolina cities and counties

Some North Carolina Republicans are floating the idea of reforming and reducing property tax burdens on homeowners as part of an effort to address <a class="gtmContentClick" data-vars-link-text="housing affordability." data-vars-click-url="https://www.axios.com/local/raleigh/2026/01/07/whats-next-for-the-triangle-real-estate-market-in-2026" data-vars-content-id="0aa1070d-a5bf-4a9d-99ac-b56f16ab3f79" data-vars-headline="North Carolina GOP lawmakers consider reducing property taxes" data-vars-event-category="story" data-vars-sub-category="story" data-vars-item="in_content_link" href="https://www.axios.com/local/raleigh/2026/01/07/whats-next-for-the-triangle-real-estate-market-in-2026" target="_self">housing affordability.</a>Why it matters: Property taxes help fund many of the critical functions that local governments perform, from operating public schools and paying police officers and firefighters to building sidewalks and maintaining parks. <ul><li>But after a sharp rise in home prices since 2020, growing property taxes are also a financial pressure for many homeowners and contribute to increased rents as well. </li></ul>

Find space and savings at Copper Ridge

True Homes is helping first-time buyers find quality homes — without leaving the Raleigh area.

Affordability feels increasingly out of reach for many first-time homebuyers in the Triangle. Prices are up, inventory is low and competition for starter homes is fierce.The story: True Homes wants to change that with new home communities like Copper Ridge at Flowers Plantation — a new community just outside Clayton that makes spacious, high-quality living more accessible to Raleigh-area buyers.

Transfer Co. Food Hall listed for sale

Transfer Co. Food Hall is home to tenants like Benchwarmers Bagels and Burial Beer Co.

Development

Transfer Co. Food Hall, one of downtown Raleigh&#x27;s first food halls, is up for sale, according to owner Jason Queen of Monarch Properties, who told Axios it&#x27;s time for someone else to lead the hall&#x27;s evolution.Why it matters: Since opening in 2018, the food hall has become one of downtown&#x27;s most popular gathering spots. It&#x27;s home to popular tenants like <a class="gtmContentClick" data-vars-link-text="Benchwarmers Bagels" data-vars-click-url="https://www.axios.com/local/raleigh/2024/10/07/popular-bagel-spot-benchwarmers-second-location-raleigh" data-vars-content-id="d28097e4-1464-4cae-988a-7b875dfb0f47" data-vars-headline="Transfer Co. Food Hall listed for sale" data-vars-event-category="story" data-vars-sub-category="story" data-vars-item="in_content_link" href="https://www.axios.com/local/raleigh/2024/10/07/popular-bagel-spot-benchwarmers-second-location-raleigh" target="_self">Benchwarmers Bagels</a>, Alimentari at Left Bank and Burial Beer Co.

Here's who is interested in Triangle real estate listings

The leading source of views came from the D.C. suburbs.

Triangle counties continue to see a large influx of interest from out-of state homebuyers, according to <a class="gtmContentClick" data-vars-link-text="new data from Realtor.com" data-vars-click-url="https://www.realtor.com/research/reports/cross-market-demand/" data-vars-content-id="c8bb3a59-46a2-426b-9ddb-549155aa7bd1" data-vars-headline="Here&#x27;s who is interested in Triangle real estate listings" data-vars-event-category="story" data-vars-sub-category="story" data-vars-item="in_content_link" href="https://www.realtor.com/research/reports/cross-market-demand/" target="_blank">new data from Realtor.com</a>. Why it matters: The Triangle continues to be one of the <a class="gtmContentClick" data-vars-link-text="fastest-growing regions in the country" data-vars-click-url="https://www.axios.com/local/raleigh/2025/03/13/raleigh-durham-population-growth-census-immigrants" data-vars-content-id="c8bb3a59-46a2-426b-9ddb-549155aa7bd1" data-vars-headline="Here&#x27;s who is interested in Triangle real estate listings" data-vars-event-category="story" data-vars-sub-category="story" data-vars-item="in_content_link" href="https://www.axios.com/local/raleigh/2025/03/13/raleigh-durham-population-growth-census-immigrants" target="_self">fastest-growing regions in the country</a>, and homes listed for sale in the region often attract out-of-state eyes online, according to the data.

4 mansions we think Bill Belichick should consider on his house hunt in Chapel Hill

Check out these four dreamy Chapel Hill properties fit for a coach.

Bill Belichick is just weeks from <a class="gtmContentClick" data-vars-link-text="debuting" data-vars-click-url="https://www.axios.com/local/raleigh/2025/03/13/uncs-big-money-bet-on-football-and-bill-belichick" data-vars-content-id="929ab095-ae99-4ba7-83e0-705152681fd6" data-vars-headline="4 mansions we think Bill Belichick should consider on his house hunt in Chapel Hill" data-vars-event-category="story" data-vars-sub-category="story" data-vars-item="in_content_link" href="https://www.axios.com/local/raleigh/2025/03/13/uncs-big-money-bet-on-football-and-bill-belichick" target="_self">debuting</a> as UNC Chapel Hill&#x27;s <a class="gtmContentClick" data-vars-link-text="head football coach." data-vars-click-url="https://www.axios.com/local/raleigh/2024/12/11/unc-reportedly-hiring-bill-belichick-to-be-its-next-head-football-coach" data-vars-content-id="929ab095-ae99-4ba7-83e0-705152681fd6" data-vars-headline="4 mansions we think Bill Belichick should consider on his house hunt in Chapel Hill" data-vars-event-category="story" data-vars-sub-category="story" data-vars-item="in_content_link" href="https://www.axios.com/local/raleigh/2024/12/11/unc-reportedly-hiring-bill-belichick-to-be-its-next-head-football-coach" target="_self">head football coach.</a>Why it matters: He&#x27;s under a five-year, <a class="gtmContentClick" data-vars-link-text="$10 million-a-year deal" data-vars-click-url="https://www.axios.com/local/raleigh/2025/03/13/uncs-big-money-bet-on-football-and-bill-belichick" data-vars-content-id="929ab095-ae99-4ba7-83e0-705152681fd6" data-vars-headline="4 mansions we think Bill Belichick should consider on his house hunt in Chapel Hill" data-vars-event-category="story" data-vars-sub-category="story" data-vars-item="in_content_link" href="https://www.axios.com/local/raleigh/2025/03/13/uncs-big-money-bet-on-football-and-bill-belichick" target="_self">$10 million-a-year deal</a>, and his home pick could reveal how long he plans to stay.

📍 REALTORS® know the market — and the map

Raleigh's population is booming — and NC REALTORS® help buyers and sellers keep up.

86% of homebuyers and almost 90% of sellers worked with a real estate professional in 2023 — and with good reason.Here&#x27;s why: North Carolina REALTORS® have the local knowledge and skills you need to keep up with Raleigh&#x27;s breakneck growth.

Raleigh's wealthiest are increasingly opting out of homebuying

Close to 8% of renters in the Raleigh metro in 2023 made more than $185,000 a year, per Redfin data.

Nearly 8% of renters in the Raleigh metro in 2023 made more than $185,000 a year, up almost 3 percentage points from 2019, per a Redfin analysis of the latest Census Bureau data.Why it matters: As <a class="gtmContentClick" data-vars-link-text="homebuying" data-vars-click-url="https://www.axios.com/2025/05/19/mortgage-rate-state" data-vars-content-id="016bf7f1-f5c9-4387-ba95-260d5f9ebb5a" data-vars-headline="Raleigh&#x27;s wealthiest are increasingly opting out of homebuying" data-vars-event-category="story" data-vars-sub-category="story" data-vars-item="in_content_link" href="https://www.axios.com/2025/05/19/mortgage-rate-state" target="_self">homebuying</a> costs have climbed faster than rents, renting has become an attractive choice for many — even those with deep pockets.

The number of homes in Raleigh selling below asking price grows

Rising inventory is giving buyers more leverage in some parts of the country, including Raleigh.

Three springs ago, more than 70% of houses that sold in the Raleigh metro area went above asking price, as low interest rates and a surge of transplants led to bidding wars. State of play: In recent months, however, that proportion has flipped, with most homes in the area selling for below asking price, according to a <a class="gtmContentClick" data-vars-link-text="data analysis" data-vars-click-url="https://www.redfin.com/news/homes-sold-above-list-price-2025/" data-vars-content-id="b3c14414-1da0-405c-ae6f-95f0a0f60942" data-vars-headline="The number of homes in Raleigh selling below asking price grows" data-vars-event-category="story" data-vars-sub-category="story" data-vars-item="in_content_link" href="https://www.redfin.com/news/homes-sold-above-list-price-2025/" target="_blank">data analysis</a> from Redfin.

Real Estate 🏠

Choose a new home in one of America's fastest-growing areas

Why Triangle homebuyers are picking boutique firms

North Carolina GOP lawmakers consider reducing property taxes

North Carolina's most popular Zillow listing

Find space and savings at Copper Ridge