Wednesday, January 02, 2008 9:39 AM
Carl Martens
Georgia's Continued Growth to Help Sustain Real Estate Market
I recently read an article from The Atlanta Journal-Constitution, entitled "Census: Georgia No. 5 in growth." The article points out that Georgia was the fifth-fastest growing state in the nation adding 202,670 people in the year ending July 1 according to Census Bureau estimates...this is a 2.2 percent increase!
"We are the fastest-growing state east of the Rocky Mountains. That confirms a trend that has been in place many years. It's deja vu," said Jeffrey Humphreys, a demographer with the University of Georgia's Selig Center.
"It ratifies the fundamental strength that Georgia has as an economic engine," he said. "People come here for jobs and to get educated and to retire."
About 94,000 people moved to Georgia from other states, and 31,000 came from abroad. The rest of the increase was due to births outnumbering deaths.
Georgia's economy is flourishing and the combination of that and the lifestyle provided many people are moving to Georgia...the increase in population will help sustain the market and continued growth will result in a more stable and better housing market. Only time can tell, but if I was a betting man I would gamble that Georgia's housing market slump will pickup this new year!