High mortgage rates, persistent inflation and economic woes are making expensive parts of the country less attractive and relatively affordable places more popular. Migration out of Los Angeles, New York, Washington, D.C. and Boston has picked up from last year.
The Urban exodus documents here extensively over the past two years has had profound consequences on the US economy. Starting with the pandemic, and subsequently accelerating due to the historic riots, unprecedented lawlessness and historic crime rates unleashed by democratic administrations in major US metroareas, urban exodus has had a “Donut Effect,” causing greater domestic migration out of urban counties and into the surrounding suburbs.
A new analysis of IRS data reveals the mass migration of Americans from blue states to red states and the significant ramifications as a result of the widespread resettlement.
Every year, states across the country compete with each other for people and their wealth as millions of Americans move between states. The stakes are large. A growing population for the winners means an increasing tax base, economic growth and investment. For the biggest losers, it means more difficulties in paying down debts, higher taxes and fewer investments for the future.
Last year, I pointed out that the foreclosure moratorium, combined with the expiration of a large number of forbearance plans, would NOT lead to a surge in foreclosures and impact house prices …
Apartment markets in the Mountains/Desert region have seen notable inventory growth rates in recent years as developers try to keep up with sizable in-migration into this part of the country.
Timeless real estate wisdom says three things matter most when deciding what to buy … location, location, location. It’s tongue-in-cheek, but the point is real estate derives its value from demand. The key is choosing properties most likely to surge in demand relative to supply. Of course, deciphering supply and demand means looking at demographics, …
Orlando Metro Market Florida has long been a heralded go-to for tourists and RETIREES … who happen to be BOOMING! But who else? When it comes to choosing markets, you already know you are looking for DEMAND. .The demand we are talking about comes from lots of people who sleep under roofs. Florida boasts of …