Thursday, July 17, 2008

California Cities Still Among the Fastest Growing

July 17, 2008

As a member of the California Association of Realtors (C.A.R.), I receive a weekly newsline with a variety of data about the real estate industry and about the association. I received one yesterday and the article concerning the release of the U.S. Census Bureau population report caught my attention - especially because the headline stated that five California cities were on the list of the fasted growing cities in the U.S. I quote from the C.A.R. article:

"While there are signs of a slowdown in migration to the West and sunbelt region, California continues to see steady population growth, placing five cities on the list of the 25 fastest-growing large municipalities in the country between 2006 and 2007, according to new population estimates from the U.S. Census Bureau.

According to the report, Victorville, California saw a population increase of 9.5 percent to 107,232 in 2007, putting the San Bernardino County city second on the list of the nation's fastest-growing large cities with populations of 100,000 or more....

The other four California cities that made the list are Bakersfield; Irvine; Moreno Valley; and Visalia."

As the housing market stabilizes, the growth in population should help the demand side of the supply and demand equation.

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