Realty Times | Rolling Boom Lifts Real Estate Beyond Coastal Cities, States
Housing bubble? Out! Rolling boom? In! Migration and immigration patterns are creating news in housing as homebuyers try to find more affordable homes in the South and West.
New state population estimates just released by the U.S. Census Bureau suggest that homebuyers are migrating from higher-priced markets to more moderately priced areas, bringing new growth to cities such as Atlanta, Dallas, Jacksonville, Phoenix and Portland.
The effect is called a rolling boom. That's when high prices force homebuyers to the suburbs, or to new towns or across state lines. California, for example, loses about 100,000 residents a year to other states, which has helped to create rolling booms in Nevada and Arizona. As those areas become less affordable, buyers are already migrating to Texas, Georgia and other states.
For the 19th year in a row, Nevada grew the most of any state, with Arizona a close second
Yahoo! Real Estate ? Real Estate News and Current Interest Rates
New state population estimates just released by the U.S. Census Bureau suggest that homebuyers are migrating from higher-priced markets to more moderately priced areas, bringing new growth to cities such as Atlanta, Dallas, Jacksonville, Phoenix and Portland.
The effect is called a rolling boom. That's when high prices force homebuyers to the suburbs, or to new towns or across state lines. California, for example, loses about 100,000 residents a year to other states, which has helped to create rolling booms in Nevada and Arizona. As those areas become less affordable, buyers are already migrating to Texas, Georgia and other states.
For the 19th year in a row, Nevada grew the most of any state, with Arizona a close second
Yahoo! Real Estate ? Real Estate News and Current Interest Rates
posted by Patrick Leblanc at 11:48 AM
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