Real Estate News & Current Events
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback
Updated about 10 years ago,
People on the move...middle class moving from expensive cities to cheaper cities
Here's an interactive map that uses the 2000 and 2010 census data.
http://projects.nytimes.com/census/2010/map?ref=us
Notice the following:
Larger, expensive cities have not seen large percentage increases in population (ex. San Francisco just 3.7%, Los Angeles 3.1%, NYC about 4.5%)
Cheaper expanding cities experienced significant population growth (Austin 26.1%, Dallas Area 30-50%, Houston 20.3%, Raleigh 43.5%)
The Midwest, particularly South Dakota, North Dakota (except Fargo), Nebraska, and Kansas, Iowa, and Montana experienced little growth
I would expect that in the last four years we've seen these trends continue...people moving, primarily the middle class, out of the more expense cities to more affordable cities.