Showing posts with label new jersey. Show all posts
Showing posts with label new jersey. Show all posts

Friday, September 19, 2014

Where Did Americans Move This Summer?

Chicago, Washington, D.C., and Atlanta were the most popular moving destinations of this summer, according to United Van Lines' Summer Long-Distance Moving Trends Study. The moving company giant found that more Americans this summer left cities in the Sun Belt and West Coast to move to Midwestern and Northeastern cities.
On the Move
"Bucking recent trends, more people are moving to cities in the Northeast and Midwest," says Michael A. Stoll, economist, professor, and chair of the Department of Public Policy at the University of California, Los Angeles. "Popular metropolitan destinations driving city-to-city migration are those with a highly educated labor force and that have growing or mature business, financial, and insurance services. In addition, strong technology and health care industries are driving migration, sectors where recent job growth has been relatively robust in the broader economy."
The most popular metro areas for U.S. family moves during the peak moving season (based on United Van Lines' summer moving volume data) are:
  1. Chicago
  2. Washington, D.C.
  3. Atlanta
  4. Boston
  5. Los Angeles
  6. Dallas
  7. Phoenix
  8. New York City
  9. Minneapolis
  10. San Diego
What had people moving this summer? Seventy-one percent moved for a new job or corporate transfer; 13 percent moved because of retirement; and nearly 10 percent moved for health or other personal reasons, according to the United Van Lines survey. Dallas/Fort Worth, Atlanta, and Los Angeles were the most popular destinations for new jobs and corporate transfers, according to the survey.


Thursday, June 26, 2014

10 Biggest Rebound Cities Since the Recession

Everything is bigger in Texas, including the economy.
Eight of the top 10 cities in the country that have rebounded the most since the recession are in the Lone Star State, according to a new analysis by financial site NerdWallet. Texas has seen large economic growth, and its housing market has been following the upward trend.
What Does a Recovery Look Like?
With the recession officially coming to an end in June 2009, NerdWallet looked at data over the last five years to see which cities improved the most since then. In its analysis of the 510 largest U.S. cities, the site considered factors such as the performance of the labor market, median household income, and median home values.
The following cities were ranked in the top 10 for largest recoveries since the recession. (Each city is listed below with the change in median home values since the recession.) 
  1. McAllen, Texas: 15.61%
  2. Midland, Texas: 21.67%
  3. San Angelo, Texas: 20.92%
  4. Fargo, N.D.: 13.30%
  5. Bryan, Texas: 10.81%
  6. Chattanooga, Tenn.: 14.04%
  7. College Station, Texas: 3.67%
  8. Odessa, Texas: 5.87%
  9. Edinburg, Texas: 6.50%
  10. Amarillo, Texas: 11.87%
Source: “Recession Recovery: Cities That Have Improved the Most,” NerdWallet Finance (June 23, 2014)




Tuesday, June 24, 2014

10 States Ready for the New Economy

Which states are poised to fare the best in the “new economy?” According to the Information Technology and Innovation Foundation (ITIF), the “new economy” is marked by “globalization, technological innovation, and entrepreneurial development.” And often, booming economies lead to booming housing markets.
Find out how Fannie Mae seesthe "new normal" for the housing industry.
To determine a state's potential success in the new economy, ITIF used 25 indicators among five categories (knowledge jobs, globalization, economic dynamism, the digital economy, and innovation capacity). The following 10 states were at the top of ITIF’s list:
  1. Massachusetts
  2. Delaware
  3. California
  4. Washington
  5. Maryland
  6. Colorado
  7. Virginia
  8. Connecticut
  9. Utah
  10. New Jersey
Source: “The Best and Worst States for the New Economy,” Forbes.com (June 17, 2014)



Thursday, May 9, 2013

5 States With the Highest Foreclosure Inventories... Is Your State One of These???


Foreclosures rates are falling, but some states are still battling high levels. According to nationwide averages, the foreclosure inventory as of March represented 2.8 percent of all homes with a mortgage — that’s down from 3.5 percent in February. 
In CoreLogic’s latest report reflecting March data, the following five states posted the highest foreclosure inventories (as a percentage of all mortgaged homes): 
  • Florida: 9.7 percent
  • New Jersey: 7.3 percent
  • New York: 5 percent
  • Maine: 4.4 percent
  • Illinois: 4.4 percent
Meanwhile, the five states with the lowest foreclosure inventories were: 
  • Wyoming: 0.5 percent
  • Alaska: 0.7 percent
  • North Dakota: 0.7 percent
  • Nebraska: 0.9 percent
  • Montana: 0.9 percent
Source: CoreLogic
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