Regional Market Variations: The Northeast Versus The South

George Sternlieb and James W. Hughes

Real Estate Economics, 1977, vol. 5, issue 1, 44-67

Abstract: The notion of the “rise of the Sunbelt” and the “decline of the Northeast” has raised the spectre of relentless economic disintegration of the northeastern states and the lure of boundless affluence across the southern and southwestern rim. What is myth and what is reality in these emerging perceptions? This paper reviews the trends of the past fifteen years, and speculates on the possibility of unsettled economic weather in the Sunbelt and valid investment potentials in the Northeast. Alternative future scenarios are suggested in the light of the marked acceleration of the thrusts of change of the last five years.

Date: 1977
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