The 13 fastest-growing states over the next two decades -- which do not include Florida or Arizona -- will attract baby boomer whites and blacks to suburban communities that are part of expansive metropolitan areas, according to a new demographic study sponsored by the Mortgage Bankers Association."What is unique about these states is their attraction of whites and, in Southern States, African Americans," as well as recent Hispanic and Asian immigrants, according to the study, which looks at the impact of immigration and aging baby boomers on population trends. The study, conducted by Brookings Institution scholar William Frey, predicts that New Hampshire, Delaware, Maryland, Virginia, North Carolina, South Carolina, Georgia, Tennessee, Colorado, Utah, Idaho, Oregon, and Washington will have the fastest overall population growth. These 13 states have large baby boomer populations who are expected to age in place and attract new retirees to move into their communities. "This group of states will have the highest rate of growth for the 55 and over population," the study says. One of the major conclusions of the study is that the "suburbs will be the fastest graying part of our national landscape." The MBA can be found online at http://www.mortgagebankers.org.

Subscribe Now

Authoritative analysis and perspective for every segment of the mortgage industry

30-Day Free Trial

Authoritative analysis and perspective for every segment of the mortgage industry