Boomtowns, in short, are U.S. cities and metro areas attracting the most people – new business as well as movers looking for better jobs – that other areas of the country. Boomtowns often have rapidly expanding infrastructure – housing and services – to accommodate a growing population. To pinpoint the current boomtowns, Checkr – an employee background-check firm – analyzed a roster of data, including some from the U.S. Census Bureau and Bureau of Economic Analysis.
Factors considered:
Population growth
GDP growth
Unemployment rate
Workforce growth
Poverty rate
Housing unit growth
Real personal income growth
Change in median age
Change in the total number of businesses
Resident s making more than $100,000
The Tampa Bay metro ranked number 28 out of 100
Source: Florida Realtors
Mortgage Rates Rise for the Third Consecutive Week
For the third straight week, mortgage rates continued creeping up and are now just shy of seven percent. There is no doubt continued high rates will prolong affordability challenges longer than expected, particularly with home prices on the rise again. However, upward pressure on rates is the product of a resilient economy with low unemployment and strong wage growth, which historically has kept purchase demand solid.
Doiron Realty Services Is Selling Gulf Front Condos
