Yeah, migration between states is reported to be slowing way down, and that's been a big chunk of Georgia's previous growth (metro Atlanta is 60+ percent of Georgia growth).
Georgia's unemployment is pegging higher than the national average, and metro Atlanta still has an absurd number (100,000+) of unsold single family residences. Foreclosures are hitting hard here, and there are scads of nearly finished McMansions sitting vacant.
North Carolina is indeed interesting. The Census Bureau has been showing North Carolina passing Georgia in population 20- 25 years out, and it seems the pattern of North Carolina's growth exceeding that of Georgia's is beginning to take root. I think North Carolina is getting a little more of the "half-backs" abandoning Florida than Georgia.
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