America’s suburbs are experiencing growing pains from a large flow of new residents, which is straining schools, traffic and other resources. A recent story in the Wall Street Journal (reposted on Realtor.com) highlights these struggles as well focusing on area outside of Raleigh, NC where this phenomenon is taking place. We also had a recent post here featuring an interview with the article’s author.
“In the early 2010s, after the financial crisis walloped the housing market, average growth rates in cities with populations greater than 250,000 outpaced the suburbs. But over the past five years, the average annual growth in America’s big cities has slowed by 40%, to 0.69%, according to census estimates.”
“The suburban areas surrounding the 50 largest metropolitan areas make up 79% of the population of those areas, according to a 2016 study by the Urban Land Institute’s Terwilliger Center for Housing.”
Click here to read the full story at Realtor.com.
Click here to read the full story at the Wall Street Journal.
“Watch Millennials are Moving to the Suburbs” – CNBC interview.