Rural Home Values More Sustainable?
In an article in The Main Street Economist, “Is Rural America Facing a Home Price Bust?“, home price data trends for non-metro areas are discussed.
“This article reviews trends in newly released home price data for non-metro areas of the United States. In contrast to metro home values, rural values have fared relatively well so far. Rural America was largely bypassed by the national home price boom of the first half of this decade and thus seems likely to avoid much of the correction in U.S. home prices currently under way.”
The article further explains that rural home prices did not outpace income gains to the degree that metro-area home prices did, indicating more sustainable home values in rural areas like Hickman County.
About Daryl Phillips, CEcD
I am a professional economic developer. I presently work for communities and companies in developing and implementing workforce and economic development solutions as CEO of Phillips Economic Development Solutions (Phi EDS).
Prior to September 2017, I was the economic development professional who served a community team of elected officials, business people, community leaders and dedicated stakeholders for economic development in Cheatham County, Tennessee (pop. 39,880) and its four towns. During my five-year tenure, I served the team as Cheatham County grew over 1,700 jobs, turned around population declines at the start of this decade into healthy population growth, increased tourism expenditures 20.3% and local tax revenue from tourism 25.4%, grew sales tax revenue 36%, focused on developing the local workforce and was recognized by SmartAsset as having the 9th highest Incoming Investment Index of all the 95 counties in Tennessee.
I am a member of International Economic Development Council, Southern Economic Development Council, Tennessee Economic Development Council and International Council of Shopping Centers.
I have earned the designation of Certified Economic Developer (CEcD) from International Economic Development Council (IEDC), the Economic Development Finance Professional (EDFP) certification from National Development Council and hold a Master of Business Administration from Tennessee Technological University.