A study that looked at the education levels of the residents from the 200 largest metros identified Boulder, Colo., as the nation’s smartest city, as well as nine other mostly small-city locales that are home to high tech and aerospace companies as well as brainy people.
“We often associate larger cities as the centers of education and culture, and therefore epicenters for the country’s smartest people. However this study shows that smaller cities can attract some significant brain power. Out of the top 10 smartest places, six of them have populations of less than one million people,” said J. Jennings Moss, editor of Portfolio.com.
Here are the nation’s top-10 brainiest cities:
- Boulder, Colorado
- Ann Arbor, Michigan
- Washington, D.C.
- Durham, North Carolina
- Fort Collins, Colorado
- Bridgeport-Stamford, Connecticut
- San Jose, California
- Boston, Massachusetts
- Madison, Wisconsin
- San Francisco-Oakland, California
Source: Portfolio.com (12/01/2010); blog distribution by Kenneth Bargers and Bargers Solutions residential real estate services located in Nashville, Tennessee.
Foreign investors are swarming Miami, buying up property and paying with cash.
Individual investors from Argentina, Canada, Columbia, France, Israel, Italy, Norway, and Venezuela are investing in what they see as a fire sale of U.S. property.
“I have never seen such a high concentration of foreign nationals acquiring real estate,” says Peter Zalewski, who has been in real estate for 15 years and founded Condo Vultures, a consulting and brokerage firm. “Eighty percent of the sales in downtown Miami are foreign-based. This is unprecedented.”
Practitioners say they are also seeing similar sales in Seattle, Washington, D.C., New York, Las Vegas, Los Angeles, and San Francisco.
To meet demand, real estate brokers are hiring sales associates who can speak multiple languages and are investing in overseas marketing tools.
Source: Associated Press, Michelle Conlin (10/04/2010)
The U.S. Census Bureau on Thursday released the latest statistics about household incomes. New Hampshire was the winner with a median income averaging $65,028 annually over the past two years.
Mississippi posted the lowest median household income of $35,693 per year in 2008 and 2009. Mississippi’s income levels were 45 percent lower than those of New Hampshire, and it had the lowest income of any state.
Here are the 10 states with the lowest median incomes:
- Mississippi, $35,693
- Arkansas, $37,987
- West Virginia, $39,170
- Tennessee, $40,034
- South Carolina, $41,548
- Montana, $41,587
- Kentucky, $41,828
- Alabama, $42,144
- North Carolina, $42,337
- Louisiana, $42,423
The 10 states with the highest median incomes were:
- New Hampshire, $65,028
- New Jersey, $64,918
- Connecticut, $64,644
- Maryland, $63,828
- Alaska, $62,675
- Virginia, $61,126
- Utah, $60,396
- Massachusetts, $59,732
- Hawaii, $58,469
- Washington, $58,404
Source: CNNMoney.com, Les Christie (09/16/2010)