Millennials heading to the suburbs

While popular belief is that cities have been the beneficiaries of a population shift in recent years, a recent US Census report showed that the share of population growth of the top 50 cities in the US slowed in 2015 to 20%, down from almost 27% in 2011, and has dropped each year since then. It appears in fact, as though millennials are heading to the suburbs.

According to the Wall Street Journal: “U.S. cities have experienced a population surge since the recession ended in 2009 as revitalized downtown cores drew millennials, empty nesters and immigrants with lower crime, pedestrian-friendly environments and job growth.

That growth is slowing as a bulge of late-20s Americans reaches prime home-buying age and high urban real-estate costs are making suburbs and exurbs more attractive, according to economists and demographers.”

And, in Marblehead’s case, new schools, history and… the ocean!

For those with a WSJ subscription here is a link to the article:Population surge in cities eases as jobs shift and suburbs call

If you are considering selling your home please contact me on 617.834.8205 or Andrew.Oliver@SothebysRealty.com for a free market analysis and explanation of the outstanding marketing program I offer.

Read  Which broker should I choose to sell my house?

If you are looking to buy, I will contact you immediately when a house that meets your needs is available. In this market you need to have somebody looking after your interests.

Andrew Oliver is a Realtor with Harborside Sotheby’s International Realty. Each Office Is Independently Owned and Operated

@OliverReports

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