Created on Monday, 11 October 2010 09:24
A report from the Pew Charitable Trusts suggests that the migration from Philadelphia to the suburbs has slowed considerably in recent years, while the number of people moving into the city is increasing. Report Author Larry Eichel says it confirms the idea that the 60-year decline in the city’s population has ended, and it might even be increasing slightly. The report says the number of people moving from the city to the four suburban counties in Pennsylvania dropped by 42 percent between the years 2000 and 2008. Eichel says the economy probably had a lot to do with it because moving is expensive, and Suburban Realtors Alliance President Jamie Ridge says the dramatic increase in housing prices during that period may have priced some city residents out of the suburban market, while at the same time empty nesters were moving from the suburbs into the city to be closer to cultural resources. Eichel, the report author, says it has several shortcomings so no one should read too much into it.