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March 2008

St George among top 10 in growth

Posted at 1:54 PM, Mar. 27, 2008

The latest figures from the US Census Bureau shows that St George Utah was the 2nd fastest growing metro area in the country between 2006-2007 with an increase of 5.1%.  Palm Coast FL took 1st place in the fastest growth with an increase of 7.2% for the same time period.  Other areas that saw surges of growth were Raleigh, NC; Gainsville, GA; Austin, TX; Myrtle Beach, SC; Charlotte, SC; New Orleans, LA; and Grand Junction, CO.

The population increased in St George from 127,310 to 133,791 between 2006-2007 and it is projected to continue.   So when you look around at all of the construction that is going on in our community and you ask why are they still building when there is such a slow down in the housing market, you know why.   St George is a unique area that is somewhat insulated from the terrific downturn in the housing market.  Yes, we have a lot of properties that are in foreclosure, and yes, we are seeing many people that got themselves into trouble with no interest and low interest loans a couple of years ago, but for the most part, our economy is strong and we are still seeing a lot of people who want to move to our beautiful community. 

January and February were pretty slow in terms of real estate sales, but we are seeing a pretty good March and hopefully, this trend will continue.