More Americans Are Again Moving to Suburbs Than Cities #realestate #homeownership

Source:  Wall St. Journal

The rate at which Americans are moving to the suburbs is once again outpacing the rate at which they are moving to cities.  That picks up on a decades-long trend that only very temporarily reversed during the recession.  Urban counties grew by 0.8 percent in 2015 to roughly 77 million people, compared with suburban counties, which grew by nearly 1 percent to 159 million people.  Suburbs have been outpacing cities in population growth for decades.  In 2001, suburbs grew about 1.2 percent while cities grew by about 0.7 percent.  The trend was exacerbated by the housing boom, when easy mortgages helped buyers afford homes being built at a rapid pace in far-out suburbs.

---