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Population trends and a potential nightmare

Published Sunday, August 01, 1999

During the 1990s, California has experienced dramatic changes in its population growth trends - changes likely to affect all its real estate markets. One out of every eight U.S. residents lives in California, which has the largest and most influential economy in the nation. So what is happening there is vital to the U.S. real estate industry. In the 1980s, California's population increased by 6.1 million people, or 25.7%. That is an annual average gain of 609,000 people. From April 1990 to July 1998, the state gained 2.88 million people for an annual average rise of 349,000 people, ...

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