Which cities are likely to be the hottest post-economic downturn destinations for young, brilliant, and highly mobile workers?
The Wall Street Journal surveyed six trend-spotting experts and they chose cities based on economic diversity, lifestyle and their own personal preferences. Similar study was done by Forbes Magazine.
Here’s the top-10 list:
- Washington, D.C. (tie) with Seattle
- New York
- Portland, OR
- Austin, TX
- San Jose, CA
- Denver
- Durham, N.C.
- Dallas
- Chicago
- Boston
It should not come as a surprise. Arlington County real estate held up very nicely despite the recession and even managed to boast mini-sales boom. Click here for Arlington County median and average prices for August, 2009.
Of course, other counties west of Washington, D.C. were less fortunate as home prices declined significantly, especially in Prince William County. However, Washington, D.C. area because of its location and proximity to the federal government, as well as strong job market is positioned to weather economic downturn better than other areas of the country.
SOURCE: The Wall Street Journal
