Home prices could dip if gun violence trend continues long-term in Durham, expert says

Durham County News

DURHAM, N.C. (WNCN) — There were seven victims of gun violence in Durham over a 24-hour period this weekend. 

While Durham police are using resources to arrest people connected with the shootings, real estate agents told CBS 17 they are also paying close attention to violent crime in the city and believe it will have an impact down the road. 

In the three different shootings, six people were hurt, and one person died. 

“If this kind of thing continues at this level, there’s going to be an impact,” said Thomas Colley, President-Elect of Durham Regional Association of Realtors.  

He told CBS 17 people are still buying homes in Durham, despite the crime. 

“The buyers are more motivated to find what they need,” he said. “Sometimes they overlook some of the other issues that surround us.”  

This year, from January 1 to December 8, Durham police tell CBS 17 there have been 562 shootings and 180 people have been shot.  

That does not include the seven from this weekend.  

However, Mayor Steve Schewel told CBS 17 that 20 people move to Durham every day. 

Colley said it would take a long time for the crime to impact Durham’s strong and stable housing market. 

“They’re not so tightly wound together because it takes a long time in many markets for the home values to just take a plummet,” Colley said.

Colley said Durham could see a bigger impact within a few years if this trend continues.  

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