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Bay Area growth rate declines

December 26, 2019 By Geoffrey Disch Leave a Comment

Green Esrcow | Afforable Housing

In the last 12 months, 26,730 new residents have moved into the Bay Area. And, while this seems like quite a few, close to 30,000 left in the same period of time. According to statistics, a sizable number of the new residents “moving in” were babies being born. Since July 2018, 39,200 people from other countries have moved into the Bay Area, while 42,300 have migrated to other states such as Idaho or Texas.

Statewide, California grew 0.35 percent between July 2018 and July 2019 which is the lowest rate since 1900.

Analysts also pointed to an increasing death rate from an aging population and an overall declining birth rate. Overall, extremely high housing costs, transportation issues, and increasing dissatisfaction with the quality of life – and the direction it is headed – are considered prime reasons for the decline.

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Filed Under: Real Estate Tagged With: Bay Area growth rate

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“I’ve been in this industry for over 20 years. I have seen both fantastic and just “ok” escrow officers. The Escrow Officer and her team are typically the last stop for a borrower during the purchase or refinance transaction. You want that person and team to be personable, professional and helpful to your client. Kathy and her team at Green Escrow has surpassed my expectations. The team has gone the extra mile to ensure my file closed on time and without incident. I’m looking forward to continued success with Green Escrow.””
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