Young workers focusing on urban centers

Younger people are increasingly moving into urban areas.A new study finds that over the past several years, younger workers and recent college graduates have increasingly looked to live in large urban centers instead of more outlying areas.The study, completed by the nonprofit CEOs for Cities, examined more than 50 cities natonwide, and found that the number of young college-educated residents had increased 26 percent in neighborhoods within three miles of business districts, compared to a 13 percent increase elsewhere.”The market for America’s downtowns and close-in neighborhoods just keeps getting stronger,” said Carol Coletta, president of CEOs for Cities. “Even Cleveland and Detroit, which for years have watched their populations dwindle, are seeing increases in the number of well-educated young adults in their close-in neighborhoods.”In the Houston real estate market, the trend was even stronger. According to the report, close-in neighborhoods in Houston saw the number of educated younger residents jump by 62 percent – the fifth-highest nationwide. The rest of the area experienced an 18 percent growth rate.Houston, and Texas as a whole, has grown significantly in recent years, as the city has attracted many people looking for jobs. According to recently released Census data, the state's population grew by more than 20 percent from 2000 to 2010, with Houston growing by 26.1 percent.Courtesy of 2M Realty News

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