|The [tag]housing bubble[/tag], or lack thereof, hit the headlines again this week. According to the latest Experian-Gallup Personal Credit Index survey, 71% of consumers say it is likely that a housing bubble and collapse of prices could occur in the United States within the next year. Most don’t think it’s going to happen to them; only 32% expect the collapse of a housing bubble within their own area in the next year.|
An exodus of U.S. workers from the technology-rich [tag]San Francisco Bay[/tag] and [tag]Boston[/tag] areas accelerated early this decade, according to Census Bureau data. Meanwhile, high housing costs on both coasts drove more Americans to cheaper cities nearby. One big winner is the inland [tag]Riverside, Calif[/tag]., area. It continued to attract residents from the Southern California coast from 2000 to 2004, experts say. States in the Southwest and Pacific-Northwest continued to attract many disaffected Californians, economists say. But their rate of U.S. migration gains slowed compared with the 1990s, the Census data indicates. [tag]Florida[/tag] continued to attract new residents at a fast clip.