Why People Are Moving More Than They Used To

"I don't think this is a fad. This is going to continue," says John Defterios, president of the Mortgage Bankers Association. "We just want to bring more information so you can stay ahead of the others that are chasing after these same vehicles." The next five years will see an increase in the velocity of human beings jumping around between markets and businesses, he adds.

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The real estate markets that have the highest populations tend to have the highest housing prices. Think of cities like New York, Los Angeles, San Francisco, and Seattle. Just a few years ago, these bustling metros were packed to the brim with tech workers, all of which contributed to housing shortages and sky-high home prices. Now, with remote work the new norm, these big cities are seeing their populations slowly start to siphon out to more affordable housing markets in America.

As an investor, you may ask yourself, “where are the most people (and money) headed?” In this episode, Dave Meyer and David Greene will answer this exact question. But, it isn’t as easy as solely looking at population growth. Dave and David go deep into the data to see where businesses, tech jobs, and high salaries are moving so you can make the best bet for future equity plays. And even though it seems like Miami, Austin, and other booming markets have already priced out most investors, recent price drops could be a short-term loss that leads to your long-term gain.

But even if you know where Americans are migrating, you’ll still need to know the “why” so you can find future markets fitting these criteria. Dave and David touch on how work from home changed the housing market, why the pandemic split the nation into affordable and unaffordable housing markets, and how something as simple as a warm day could heavily impact where the best investing opportunity is. So stick around if you’re planning on buying, investing, selling, or moving in 2023!

In This Episode We Cover:

The ten real estate markets that are seeing massive migration even in 2023

The “great reshuffling” and how a nomadic work culture changed America’s housing landscape

Work from home’s effect on migration, high-paying jobs, and home prices

How political stances and low/no income tax enticed many Americans to leave their home states

The housing markets seeing the BIGGEST population drops and where not to invest

Where businesses are moving, and the sneaky tax incentives states use to entice corporations

Why short-term price drops DO NOT predict the future of the housing market

And So Much More!

Links from the Show

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