The American Dream of Home Ownership is Alive & Well, Especially in DFW
Posted June 12th, 2012 | by The Update
From the Star-Telegram: Fort Worth and Texas are well positioned both economically and geographically to ride the demographic wave as America’s population tops 400 million by 2050.
“My sense is that the country’s economic center is moving back into the central point of the country. And within the central part of the country, the center of gravity has moved from Chicago to Fort Worth and Houston,” said Kotkin.
The migration toward the nation’s midsection is essentially pragmatic, driven by a low cost of living, affordable housing and job creation, Kotkin says.
“Really, I think if you want to see what American cities are going to evolve into, probably the place to go is Texas,” said demographer, futurist and urban observer Joel Kotkin, whose annual analysis of the best cities for jobs is routinely topped by the Lone Star State’s five metropolitan areas.
Even more telling, he said, is a NewGeography.com analysis of job growth from 2002 to 2012 of the metropolitan areas with populations of at least 2.5 million. Dallas-Fort Worth [ranked at] 9.1 percent). Taken alone, Fort Worth would rank second at 11.1 percent.
“The kind of growth you are seeing in Fort Worth is really quite marked in income growth and job growth,” he said.
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