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City growth outpaces suburbs

By Judy Martel · Bankrate.com
Monday, July 2, 2012
Posted: 5 pm ET

More cities are appealling to residents.

Post-World War II, part of the American Dream included a home in the suburbs. Now, for the first time in decades, the migration seems to be moving in reverse, with many cities gaining residents at a faster clip than the suburbs.

Between July of 2010 and July of 2011, U.S. Census data reports that more than half of 51 major metropolitan areas saw faster growth than their suburbs. Those metro areas include New Orleans, Washington, D.C., Denver and Atlanta.

From 2000 to 2010, only five metro areas grew faster than their suburbs, compared to the 27 that did from 2010 to 2011.

The mass appeal of the automobile helped propel people into the suburbs in the past, but these days residents returning to the cities are saying they like the ease of having amenities within walking distance. Safety has also improved in many metro areas.

Some realtors said in the Wall Street Journal that they view the trend as short-term, owing to the increasing number of renters. Once those renters qualify for homeownership, they'll seek the relative spaciousness and privacy of the suburbs.

Would you contemplate moving from the suburbs to the city and, if so, why?

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1 Comment
Colette
July 21, 2012 at 1:19 am

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