More Yankees Coming, real estate search site says (http://www.ajc.com/business/more-yankees-coming-real-1228904.html#fadetoblack)
QuoteMeanwhile, "a lot of the search behavior we see is from the central [Atlanta] metro area to some of the smaller lower-density nearby areas," said Jed Kolko, Trulia's chief economist.
If there is any good news in falling housing prices in the metro suburbs, it is this: Those houses are now more affordable and are attracting attention.
"Realizing that by moving to the suburbs they can buy a home, many urban dwellers will also add to this future demand as they gravitate away from big cities toward suburban and smaller metros," Kolko predicted.
QuoteTop looks in Atlanta come from:
1. New York
2. Washington
3. Chicago
4. Philadelphia
5. Tampa
6. Seattle
7. Athens
8. Los Angeles
9. Newark, N.J.
10. Nashville
Top looks for Atlantans go to:
1. Gainesville
2. Jacksonville
3. Athens
4. Birmingham
5. New York
6. Tampa
7. Columbus
8. Orlando
9. Los Angeles
10. Charlotte
Anyone have thoughts or a similar article specific to Jacksonville?
Are the people that are concidered yankees more wealthy?....it's cheaper everywhere..prices for homes and land are cheap and those with credit or cash are going to buy buy buy...at the cheapest price in years. Heck the builders of america have been building homes that were not needed and only built because the bank firgured out how to give someone the money to do it...no studies...nothing...just built it. maybe we deserve this?...should we have made sure there was a plan...we just let the leaders and money pushers do what they wanted....
I think the yankees are just sitting in a smaller home that fetches enough money to move south for a house three times the size and a chunk of land for the same price. They get out of the cold and into the sunshine!
I'm sure they'll start flying south in droves again once the job crisis is over.
The two interesting takeaways are that a) 3 FL cities made the list of where Atlantans are moving to, and b) the fact that the article really makes a point of saying how people are moving "from" the city to the suburbs.
What's really happening up here is that the city has become denser and more expensive and is starting to function more like a northern city. There is recycling of demographics occuring where the wealthy are moving in and the poor/lower middle class are moving out.
Any demographic articles like this for Jacksonville would be interesting. Jacksonville is a much more inexpensive city than Atlanta, but offers fewer choices for all demographics in the city. However, my mother, who is a functioning realtor who sells houses "in" the city in Jax, says that the most active buyers right now are the 23-28 year olds.
She also goes on to say that units in the Peninsula, the most luxurious tower in the city, are starting in the low 200s. I have a high school classmate who is renting in the Strand. I think while some on this board may think downtown is too expensive, there is no cheaper downtown. That is cheap and it is possibly acting as an agent for younger population growth in the city. Houses intown are going for the $100s now. That's amazing.
Jacksonville should not waste a moment to get things rolling. There is not enough wealth in the city to sustain intown growth in a bubble period. Now is the time for developers and the city and residents to make inroads in bringing up population density closer in. I think so at least.