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WOW!!! Not Only is the Economy Slowing, So is Population Growth!!!! Amazing!

By
Real Estate Agent with Top Agents Atlanta Metro

I don't know what is happening in your city, but in the Atlanta Metro Area, population growth was slower than normal for the second consecutive year and we only added 31,500 residents from 4/1/2009 to 4/2/2010.  To put that in perspective, the Atlanta Metropolitian Area is 4,155,800 people which is larger than the population in 24 states.  IstockPhoto

The area averaged more than 77,000 new residents the first 7 years of this decade and the current growth rate is slower than that of the 1950's.  To see the entire charts and information issued by the Atlanta Regional Commission go to the Atlanta regional website 

The Atlanta Regional Commission cites the slow down in the economy resulting in people not taking new jobs and the deterioration of the housing market creating problems for sellers to sell their homes.  Chart 2 of the report tells the whole story.  You can really see the dip in the numbers here.

According to the Census Bureau Population Growth is slowing from 1.1 percent to .54 percent over the next six decades.  The projections for the United States can be found on this summary page of the Census Website

In the 90's, Atlanta and Georgia was one of the hottest growing Markets in the US.  Are all the markets announcing slowing??  Only time will tell.  What is the report in your local market?

*Photo Purchased from IStockPhotos

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Marchel Peterson
Results Realty - Spring, TX
Spring TX Real Estate E-Pro

Mary, Maybe they are coming to Texas.  We are still growing but we are not totally unaffected.  We did not have a bubble to burst but all these bad loans are affecting us.

Aug 29, 2010 02:45 PM
Melissa McKinney
Everything Pines Partners Fayetteville - Fayetteville, NC
Realtor, www.LivingFayetteville.com

Mary~ When the BRAC re alignment takes places you will be loosing a good amount of residents also.  Fayetteville on the other hand will be growing by leaps and bounds, if you know anyone moving to the area I would LOVE a referral from you!

Aug 29, 2010 02:48 PM
Nona Swann
Swann & Associates Real Estate - Indialantic, FL
Serving the needs of the Sellers in Brevard County

Mary,

 

At least you are growing. Florida is losing them to other states such as yours.

 

Could you please send them back? We need them:-)

 

Aug 29, 2010 02:50 PM
Patrick White
Home Driven Realty, Inc - Baldwin, NY
Driven to bring New Yorkers home

Hi Mary,

Thanks for the post on population slowing. Have a great week.

Aug 29, 2010 02:52 PM
Ken's Home Team LLC. | 360.609.0226 | Portland, OR & Vancouver, WA Real Estate Team
Ken's Home Team LLC. - Vancouver, WA
- SOLD IS OUR FAVORITE 4 LETTER WORD -

Thank you for the info, I am going to start doing a report like this

Aug 29, 2010 02:52 PM
Tish Lloyd
BlueCoast Realty Corporation - Wilmington, NC
Broker - Wilmington NC and Surrounding Beaches

Mary:  Good information; you're smart to keep abreast of your demographics.  With that kind of business acumen you will certainly stay on top.  Have a great week.

Aug 29, 2010 03:09 PM
Mary Macy
Top Agents Atlanta Metro - Roswell, GA
Top Agents Atlanta Metro

Marchel, We lived in Texas 25 years ago and came to Atlanta, we love Texas too, but our hearts are in Georgia now. 

Melissa, Fayetteville is pretty country, I love North Fulton and we won't be as affected as the western part of Cobb County will be impacted by BRAC.

Patrick, Ken & Tish - Population Growth has been so explosive in Atlanta in the past, it is just one more thing that is really affecting our markets.

Aug 29, 2010 03:21 PM