In recent times, domestic state to state migration has become quite a talking point. And, it’s a talking point commensurate with an actual phenomenon. In fact, many pundits have been bringing it up, discussing the implications. Although migration from state to state has always happened on a base level, it has increased exponentially over the past few years. That said, the consensus is the nation has not seen as much migration, since the Dust Bowl. At least that is how it was described on a recent, David Ramsey Show. Then, the show shared a map on the nature of such migration. As a result, the map and the show’s hosts made clear that massive numbers of people mainly from California, New York and Illinois are leaving. They are leaving their state for states such as Arizona, South and North Carolina, Texas, Florida and Tennessee. For CA State migration alone, the number is strikingly high. It sits at about 367,299, for the period of July 2020 to July 2022.Domestic State to State Migration Analysis
Reasons for the great increase in state migrations range from political or economic, to high crime levels or poor handling of the pandemic and education. For many leaving, it may even be a few or all of the foregoing. Although whatever the reason, the numbers point to these issues being quite real versus perceived.
The states getting the most influx from domestic migration are low-tax states, coupled with those states that are more protective of personal freedoms and public safety. These include Texas, Arizona and Tennessee. In fact, migration statistics show Californians mainly relocating to Texas or Arizona. Domestic state to state migration is no less striking on the east coast. Close to 355k New Yorkers have either relocated to the Carolinas or Florida. Add to that many thousands from Massachusetts migrating to the same states. At the same time, it appears people from Illinois are largely migrating to states such as Tennessee and Texas.
Housing Market Implications
In terms of the states getting the most influx of new residents, their housing market should be affected positively. And, prices may go up. On the other hand, states bleeding residents may see their markets affected negatively, at least in some areas, where pricing may take a downturn. In California, for example, the implications are generally high, since this is the first time in recorded history that the state population has declined.
Would you like more information on the real estate barometer for your local California market? Contact a local area expert. Contact them at the LaRoche Team. In fact, why not give them a call today?
