The US housing market is diverging into two distinct regions: the Sun Belt and Mountain West are experiencing falling prices and increased inventory due to reduced migration and demand, while the Midwest and Northeast remain strong with tight inventories and rising prices, reflecting broader shifts in migration, labor market, and affordability trends post-pandemic.
The article discusses a potential shift in U.S. migration patterns, where net immigration may fall to zero or become negative in 2025, marking a significant change from the post-1950s trend of more people arriving than leaving.
A Pew study reports that California and Texas remain the top states with the most unauthorized immigrants, but the population is increasingly spreading across 32 states due to economic shifts and new migration networks, with the total number reaching a record 14 million in 2023, driven by global upheavals and policy changes.
PODS data reveals that seven California cities, including Los Angeles and San Francisco, are among the top U.S. cities with the highest move-out rates in 2023. In contrast, cities in the Carolinas and Florida, such as Myrtle Beach and Ocala, saw significant move-ins. Factors influencing these trends include affordability, housing accessibility, and uncertainties in the tech industry.
Red states in the U.S. are experiencing population growth in 2023, as Americans are leaving blue states, according to new census data. Texas had the largest numeric population growth, followed by Florida. Other states in the top 10 for population growth include North Carolina, Georgia, South Carolina, Tennessee, Arizona, Virginia, Colorado, and Utah. California saw the highest population decrease, while Puerto Rico continued to experience a decline in population.
Over half a million residents left New York in 2022, with Florida being the top destination followed by New Jersey, Connecticut, and Pennsylvania. The high cost of living in New York City, along with rising costs and remote work options, has driven many to seek more affordable areas. While New York saw an influx of people, it still experienced a net population loss. Wyoming, Montana, Iowa, Mississippi, and South Dakota had the fewest number of people moving from New York. The top reasons for Americans moving in 2022 were to improve their quality of life, live in a cheaper area, and get a bigger home.
