Population growth and migration trends
An interesting article and map of population growth and shifting migration trends courtesy of WSJ Online.
While population growth is slowing but still substantial in Arizona and Nevada, it appears Florida has been more affected by the housing slowdown growing only 1.1% in the past year. Of note, the Southeast, led by North Carolina and Georgia added 2.2% more population and South Carolina ranked 10th in the country with a 1.8% gain in population.
The Northeast and Midwest continued to rank near the bottom in population growth with declining population in both Michigan and Rhode Island and if winter continues to be nasty, this spring could bring additional migration to the Southeast. California continues to lose citizens to almost every state in the West.
The persistent migration from the Northeast and Midwest to the Southeast due to job growth, better weather and retirement bodes well for the Charleston South Carolina real estate market along with other desirable locations.