Search
 

Hot Growth Burned Census Data

The latest housing price numbers reinforce the image of relative strength among the primary global gateway markets and the continuing weakness of formerly hot growth areas, many of which showed the largest population gains in the 2010 census.

By Jonathan D. Miller | Updated on June 01, 2011

The latest housing price numbers reinforce the image of relative strength among the primary global gateway markets and the continuing weakness of formerly hot growth areas, many of which showed the largest population gains in the 2010 census. Values are stable to down less in the large 24-hour, but slower-growing coastal cities. Only two markets in the just released Standard & Poors/Case-Shiller Index—Washington D.C. and Seattle–showed housing price increases—not surprisingly these both rank as important U.S. gateways.

Among the cities now at their lowest home price levels in nearly four years and suffering some of the sharpest recent declines are: Atlanta, Charlotte, Las Vegas, Miami, Phoenix, and Tampa. All have been housing hot beds over the past two decades as ballooning populations have been drawn to a combination of relatively affordable pricing and warm weather. Other hot growth meccas—Dallas and Denver among them—also show recent deterioration and may hit new post housing bust lows in coming months, according to forecasters.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.