Sunbelt Growth Slows Down — New York Real Estate

Sunbelt Growth Slows Down

by John Tayeb on March 25, 2010

baby boomers

Boomers are staying put, close to where the jobs – or at least the potential for them – are instead of moving to the Sunbelt, according to U.S. Census figures released Tuesday.

The census shows that the growth of traditional retirement destinations slipped from 3.1 percent between 2000 and 2007 to 1.7 percent between 2007 and 2009, even though significant numbers of baby boomers passed age 60 during those years.

Las Vegas, Orlando, Phoenix, Atlanta, and Raleigh, N.C., all lost population in 2009, while New York, Los Angeles, Boston, and Chicago gained population. Cleveland and Philadelphia decreased in population.

Source: Associated Press, Hope Yen (03/23/2010)

Posted via web from New York Real Estate Access | Real Estate Blog

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