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 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


Get Free Email Updates!

Did you find this article useful? Add your email address and I will send you notification of new articles.

I agree to have my personal information transfered to MailChimp ( more information )

I will never give away, trade or sell your email address. You can unsubscribe at any time.