ProJo: Across U.S., housing costs send wave of people to smaller cities
Posted: Jun 23, 2019 at 7:34 AM
The pace of growth slows in the nation's big cities and quickens where prices are lower — in nearby cities, like Providence, with populations under 200,000. One buyer's strategy: 'Drive 'til you qualify.'
Cities with fewer than 200,000 residents grew faster than larger metropolises between 2017 and 2018 as high housing prices chased many people away from big cities and their closest suburbs.
The biggest cities grew by a collective 326,000 people, less than half the number earlier in the decade, and less than the number for smaller cities — 421,000 for cities with populations between 10,000 and 50,000.
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Courtesy of Providence Journal