Where is everyone MOVING? Understanding this will have a big impact on the 2022 US Housing Market (and potential Housing Bubble / Crash).

Data from the US Census Bureau shows BIG SHIFTS in where Americans moved and the Housing Markets that gained the most people during the pandemic.

Migration Data from the US Census Bureau shows that from July 2020 to June 2021 there was a BIG SURGE in Migration to the Sun Belt in America. Real Estate Markets such as Phoenix, Dallas, and Tampa gained the most people in nominal terms.

Meanwhile - Housing Markets such as Myrtle Beach, SC, Sarasota, FL, Cape Coral, FL, and Boise, ID gained the most new residents in percentage terms. These huge influxes of people could be a reason why the real estate in these metros is BOOMING (and could be in a big Housing Bubble).

Migration / Housing Market Winners:

Boise, ID
Cape Coral, FL
Sarasota, FL
Myrtle Beach, SC
Knoxville, TN
Austin, TX

Migration / Housing Market Losers:

New York, NY
San Francisco, CA
San Jose, CA
Los Angeles, CA
Honolulu, HI
Chicago, IL

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#Inflation #HousingCrash #InterestRates