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From: Ameen Kamadia, President of Kamrock Publishing

Dear Fellow Loan Originator,

Here are some Census Stats you might find interesting.

Three states - Florida, California and Texas - would account for nearly one-half (46 percent) of total U.S. population growth between 2000 and 2030, according to Census Bureau state population projections released today. Consequently, Florida, now the fourth most populous state, would edge past New York into third place in total population by 2011; California and Texas would continue to rank first and second, respectively, in 2030.

These three states would each gain more than 12 million people between 2000 and 2030. Arizona, projected to add 5.6 million people, and North Carolina, with 4.2 million, would round out the top five numerical gainers. As a result, Arizona and North Carolina would move into the top 10 in total population by 2030 - Arizona rising from 20th place in 2000 to 10th place in 2030 and North Carolina from 11th place to seventh place. Michigan and New Jersey are projected to drop out of the top 10.

The projections indicate that the top five fastest-growing states between 2000 and 2030 would be Nevada (114 percent), Arizona (109 percent), Florida (80 percent), Texas (60 percent) and Utah (56 percent). Most (88 percent) of the nation's population growth between 2000 and 2030 would occur in the South and West, which would be home to the 10 fastest-growing states over the period. The share of the population living in the South and West would increase from 58 percent in 2000 to 65 percent in 2030, while the share in the Northeast and Midwest would decline from 42 percent to 35 percent.

Other highlights: In 2000, each of the nation's 50 states had more people under 18 than 65 and older. In fact, in about half of the states, the ratio was more than two to one. In 2030, 10 states are projected to have more people 65 and older than under 18: Florida, Delaware, Maine, Montana, New Mexico, North Dakota, Pennsylvania, Vermont, West Virginia and Wyoming.

In six states, more than one in every four residents would be age 65 and older in 2030: Florida, Wyoming, Maine, New Mexico, Montana and North Dakota.

As the oldest baby boomers become senior citizens in 2011, the population 65 and older is projected to grow faster than the total population in every state. In fact, 26 states are projected to double their 65- and-older population between 2000 and 2030.

These projections were produced by the Population Division in correspondence with the U.S. interim projections released in March 2004. They were developed for each of the 50 states and the District of Columbia by age and sex for the years 2000 to 2030, based on Census 2000 results.

These projections differ from forecasts in that they represent the results of the mathematical projection model given that current state-specific trends in fertility, mortality, internal migration and international migration continue. The projections to 2004 have been superseded by population estimates at www.census.gov/popest/estimates.php.

So what does this all mean for you?

If you are in a state with people coming your way, you need to determine how to target these people either before they show up or as soon as they do. Because you can be sure they will be wanting to buy property and homes. They might even take several trips looking at homes before they purchase and move.

If you live in a state where the population is aging quickly, you might want to look into reverse mortgages and equity loans so can attract senior clients.

If your state is quickly losing population, you might consider moving yourself. It's not easy to do or even consider, but you are in the business to make money. There is no reason to make it harder for yourself than it already is.

Happy Originating!

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