Friday, March 26, 2010

Sun Belt Loses Its Shine

The recession has halted the dominant migration trend of recent decades, turning once-hot destinations such as Las Vegas and Orlando, Fla., into some of the country's losers.

Census data released Tuesday portray a sharp shift in migration during the depths of the recession, from July 2008 to July 2009. With home prices slammed and few jobs available in any state, people from Massachusetts to California decided to stay put or go back where they came from.

The Las Vegas metropolitan area lost about 1,300 residents to other areas. That compares with an annual inflow of 54,000 people during the height of the real-estate boom, and marks the first year of out-migration the city has seen in at least a century. The Orlando area swung to an outflow of about 4,300 from an inflow of 52,000 in 2004-2005. (more)

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