Top 10 U.S. Metro Areas Expected to see Real Estate Boom
Inman News recently published an article revealing the top 10 metro areas across the United States that are expected to see the greatest increase in real estate between the years 2010 and 2020.
The information was gathered from a study conducted by Proximity One, which used Census records to calculate demographic trends expected to take place within the upcoming years. These trends were compiled by a number of factors including historical birth, death, migration, economic and other data and assumptions, which was then broken down by city and state.
According to the 2010 census, the nation’s inhabitants increased by 9.7 percent between 2000 and 2010. The top 10 metro areas expected to see the greatest increase from 2010 to 2020 include:
1. Raleigh-Cary, North Carolina • 35.7% increase
2. 
Kennewick-Pasco-Richland, Washington • 35.3% increase
3. Austin-Round Rock, Texas • 33.1% increase
4. Provo-Orem, Utah • 31.9% increase
5. Hinesville-Fort Stewart, Georgia • 30.8% increase
6. Logan, Utah-Idaho • 29.4% increase
7. Grand Junction, Colorado • 28.7% increase
8. McAllen-Edinburg-Mission, Texas • 27.3% increase
9. Idaho Falls, Idaho • 26.8% increase
10. Charlotte-Gastonia-Concord, North Carolina-South Carolina • 26.4% increase
According to Inman News, Raleigh-Cary, N.C., has always had a booming economy, having previously seen a 41.8-percent increase from 2000 to 2010. The area attracts a much younger population due to its universities and research facilities.
“Raleigh [has] always been a hot spot for growth and relocation,” says Sheri Moritz, a broker at Keller Williams Preferred Realty in Raleigh. “It doesn’t surprise me that we are slated for tremendous growth.”
“We have many great [businesses] in the area producing jobs that will eventually relocate people to the area,” she continued, according to Inman News. “I have not seen a huge surge in relocation and out-of-town buyers yet.”
For more information, please visit Inman.com for the full article and Proximityone.com for a breakdown of the statistics.
—Gina Kramer
