Appraisal Podcasts

WSJ.com - Bursting Tech Bubble, Higher Housing Costs Send People Packing

The Wall Street Journal reported on April 20, 2006 that there is an exodus of people from technology hub cities like the San Francisco Bay area and Boston. The outflow appears to be accelerating as housing costs continue to rise.

This phenomenon is not just impacting tech cities. It is combination of job opportunities and lower home ownership costs that is leading the charge.

Follow this link for the complete story from the Wall Street Journal Article.

I thought it might be useful to take a look at actual data from all of the MSA’s across the country and break it down into the top 10 gainers and losers in terms of population growth for the period between 2000 and 2005. I have also looked at these same top ten and bottom ten MSA’s for growth expected between 2005 and 2010 as well as historical data from 1990-2000.

This data was generated from the Site To Do Business Online (http://www.stdbonline.com) which members of the Appraisal Institute can join. This online data source can really assist in the understanding of the marketplace and the trends taking place. Not sure what is happening in the Greeley, Colorado MSA but it seems to have been consistently popular since 1990.

 
To help visualize this data set, I have developed the following chart. Click on the graphic for a larger version. This chart was created using Microsoft Excel and the data export feature in STDB.

This entry was posted on Sunday, April 23rd, 2006 at 2:12 pm and is filed under STDB, Single Family. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.