It's no news that there have been few recent real estate closings in Oriental and elsewhere in Pamlico County.
The question is "why?" and "will this be a long term trend?"
Yesterday's Washington Post provided an explanation: retiring baby boomers are staying put and not moving to Florida, Nevada, and other sandy locations further south. Will this trend affect North Carolina and Pamlico County? I wouldn't bet against it.
So maybe we need to get busy with an economic development plan that recruits younger workers with families instead of more affluent retired folks who don't seem to be moving here any more anyhow.
Wednesday, June 29, 2011
Baby Boomers Strike Again and Stay Put
Topic Tags:
economic development,
economics
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