Tuesday, September 10, 2013

Signs Point to Tighter Vacancy Rates in the Pacific Northwest

When the Q3 Census Bureau vacancy rates come out expect they will show Portland still among the nation's lowest.

United Van Lines has released its annual tally of most popular destinations.  This year was the busiest residential moving season since the recession.  And guess what?

The Pacific Northwest and Northern California are the fastest-growing and most popular destinations.  San Jose, Portland, San Francisco and Seattle are among the top for in-migration.
"Portland is experiencing unprecedented growth attracting a range of millennials and retirees relocating for amenities such as public transit, green space, local arts and a vibrant urban culture."  --Michael Stoll, economist, professor and chair of the Department of Public Policy at the University of California, Los Angeles.
Residential moves for summer 2013 were up 8.5 percent year-over-year. 

Which cities had more people moving out than in? New York, Chicago, and St. Louis.