August 05, 2016
The “American dream” is on the move, and this may provide a number of new investment opportunities in the coming years.
Beginning in 2011, city populations in major metropolitan areas grew faster than their respective suburban populations for the first time since the 1920s, reversing a 90-year trend of suburbanization, according to the U.S. Census Bureau.
A number of factors are contributing to this shift, says Tom Hainlin, National Investment Strategist of Ascent Private Capital Management of U.S. Bank.
Volatile energy prices and longer commute times have reduced the attractiveness of suburban living.
Technological advancements are changing traditional notions of work, education, entertainment and shopping.
Leading this urbanization trend are the baby boom and millennial generations, which together account for half of the total U.S. population.