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Population influx predicted for cities with strong business presences

Big growth is predicted for Austin, Texas, home of Whole Foods and National Instruments.

Big growth is predicted for Austin, Texas, home of Whole Foods and National Instruments.

Raleigh-Cary, North Carolina, and Austin, Texas, are among the U.S. cities poised to see big population growth driven by people relocating for jobs, according to new ProximityOne projections.

Based on 2010 U.S. Census data and historical trends, ProximityOne predicted Raleigh-Cary will experience the greatest 2010 to 2020 growth of any metro area in the country, at 35.7 percent.

In ProximityOne's press release on this topic, local real estate broker Sheri Mortiz said she was unsurprised by Raleigh's high rank, and credited "many great businesses in the area producing jobs." Among the companies with headquarters or major outposts in the Raleigh area, three made the 2011 Fortune 100 Best Companies to Work For list, including number one-ranked SAS.

ProximityOne forecasts 33.1 percent growth for Austin-Round Rock, Texas, over the next 10 years. And six of the Fortune 100 Best Companies employ people in the area, with Whole Foods (no. 24) and National Instruments (no. 79) headquartered there.

Currently, the Austin and Raleigh real estate markets are experiencing declines in year-over-year sales volumes, due in part to high 2010 volumes resulting from the one-time Federal homebuyer's tax credit. However, there are signs that housing demand is increasing in both areas, including rising home prices between March and April.