November 20, 2016

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Fastest growing cities in the US

November 19, 2016

 

Texas dominates the list of fastest-growing cities, attracting more residents with its strong employment center, lower taxes, and more affordable housing, according to an article in Forbes.com.

 

For the second year in a row, Austin, Texas, topped Forbes’ list of America’s fastest-growing cities. The city has a projected economic growth rate of 6 percent a year through 2016, which is more than twice as much as the nation as a whole, according to Moody’s Analytics data.

 

In compiling its list of America’s fastest-growing cities, Forbes.com analyzed the 100 largest metro areas and reviewed projections for each city’s economic and population growth, median income, unemployment rates, and employment growth.

Here are the top 7 cities that made Forbes’ list of fastest-growing cities:

 

1. Austin, Texas

Annual economic growth projected from 2011-2016: 6.1 percent
Annual population growth rate: 2.8 percent

 

2. Dallas

Annual economic growth projected from 2011-2016: 5 percent
Annual population growth: 2.2 percent

 

3. San Jose, Calif.

Annual economic growth projected from 2011-2016: 4.7 percent
Annual population growth: 0.9 percent

 

4. Houston

Annual economic growth projected from 2011-2016: 6.1 percent
Annual population growth: 2 percent

 

5. Salt Lake City

Annual economic growth projected from 2011-2016: 4.4 percent
Annual population growth: 1.5 percent

 

6. Raleigh, N.C.

Annual economic growth projected from 2011-2016: 3.7 percent
Annual population growth: 3.8 percent

 

7. Seattle

Annual economic growth projected from 2011-2016: 3.7 percent
Annual population growth: 1.2 percent

 

Source: “Bigger in Texas: State has many of US’ fastest-growing cities,” Forbes.com

 

Dy Associates is an Oakland Real Estate company specializing in commercial, home and investment property in the Oakland and East Bay Area. We provide real estate services including buyer agent, seller agent, short sales, commercial and investment acquisitions, loan facilitation, hard money lending, financing assistance property management. Articles are provided as information only. We do not provide legal or general investment advice.

 

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