People First, Jobs Follow: Cause And Effect In Real Estate And Its Impact On Affordability


People First, Jobs Follow: Cause And Effect In Real Estate And Its Impact On Affordability


Earlier this year, the U.S. Census Bureau shared its latest data concerning suburban population demographics from 2016 to 2017, revealing a trend that many had long suspected: As more big cities become less affordable, people are moving back to the suburbs.

After several years of urban growth, America is once again seeing an urban flight to the suburbs. In 2017, New York City saw 143,000 people move out, making it the first time since 2007 that the city did not lead the country in population growth. For the New York metropolitan area, the suburban population growth of 2016-2017 exceeded the city population growth — as was the case in 36 of the 53 largest metropolitan areas in America...

   ...more

RSK: I am betting that most of the suburban office parks will lower their vacancy rates significantly because of this trend...

Share this article on you social outlets



Our Sponsors
- - Volume: 7 - WEEK: 3 Date: 1/15/2019 9:22:26 AM -