Jun
09

Chicagoland Projected To Top 10 Million People By 2025

June 09, 2009

The Chicago real estate industry can look forward to some healthy growth in the next 16 years according to a recently published study.  Joining the New York and Los Angeles metro areas currently above 10 million people according to bizjournals, Chicago will take the leap to eighth digit population status by 2025.  The study analyzed every county in the United Stabzjournalstes attempting to project the nations future growth patterns in 5 year intervals starting in 2005.  While these figures and statistics are educated guesses and indeed “projections”, some surprising cities enter the second quarter of this century as “Top 50″ cities in population.

The fastest growing city according to bizjournals.com, is the southeast’s Raleigh, North Carolina whose population is projected to double in the next 16 years to an astonishing 1.9 million residents to rank 38th by 2025.  Detroit on the other hand, is expected to continue its free fall out of the top 10 largest metro areas to 13th place with Phoenix replacing it in the top 10.   New York is still going to be the largest metro area growing to 19.9 million people.  Far and away still the biggest urban area, with Los Angeles expected to gain population to 14 million, a distant second.

Another interesting prediction from the bizjournal study is that 8 metro areas are expected to top the 1 million in population mark.  Cities on this list include Raleigh and Tuscon which have already passed the mark in 2006 and 2008 respectively, with Fresno, Bakersfield, Cape Coral – Fort Myers, McAllen-Edinburg (Texas), Albuquerque and Tulsa in that order.  Tulsa is expected to top the 1 million mark by July of 2025.

Cleveland is expected to take the biggest plunge of the top 50 cities falling from 25th to 37th, losing a drastic 190,000 people during the survey’s projections.

Article on MSNBC.com

About The Author

Read All Stories By Mitch Levinson

Mitch Levinson is the author of “Internet Marketing: The Key to Increased New Home Sales” published by BuilderBooks. He is an Internet marketing expert with expertise in search engine optimization, website development, email marketing, social media and CRM consulting services. He is known for creating effective programs that can be tracked through analytics to prove effectiveness and ROI. Mitch is founder and president of MLC New Home Marketing and MLC FlatFee Realty, as well as managing partner of mRELEVANCE, LLC, a Marketing, Communication, Interactive agency with offices in Chicago and Atlanta. He currently leads the Chicago team. A Multi-Million Dollar Sales Producer who earned an MBA in Computer Information Systems and eCommerce, he brings a unique perspective and experience to the field of real estate communications. Mitch combines the two interests in order to help home builders and developers gain a competitive advantage through the Internet and technology. When he isn’t behind a computer, he enjoys participating in sports and coaching his kids’ teams. Mitch resides in Arlington Heights, Ill., a northwest suburb of Chicago, with his family, which includes two rambunctious labs. Visit my Google+ profile.

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