Census data recently released reveals that large cities are now growing faster than other parts of the nation. This reverses a decade-long trend of urban sprawl. The Associated Press article suggests the growth in large cities is due to the economic crisis and housing downturn. With people making less money and not being able to sell real estate as easily, they are starting to remain in big cities.
The article claims that Seattle is one of the large cities seeing faster growth in large part to foreign-born immigrants who moved and stayed here.
It goes without saying that growth in the city of Seattle will eventually help our real estate market. More people equals more demand for housing. More demand leads to appreciating values.
Read the full article here.
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