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The REconomy Podcast

Answering Your Top Questions on Real Estate Economics (Part 3) - EP 80

Jan 11, 2024
The podcast dives into migration patterns impacting real estate markets, with Sun Belt cities growing while expensive coastal cities experience out-migration. Topics include high mortgage rates, leveraging equity, office debt risks, recession risk perceptions, builder sentiment, comparing renting to homeownership costs, and the financial benefits of owning over renting.
23:10

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Quick takeaways

  • Sun Belt cities experience in-migration while coastal cities face out-migration, indicating a shift in population dynamics towards suburbs.
  • Exports contribute more to GDP than imports, with the strength of the dollar affecting export competitiveness and consumer inflation.

Deep dives

Migration Trends in Housing Markets

Cities in the Sun Belt like Austin and Dallas experienced strong in-migration, while larger coastal cities such as New York and Los Angeles faced out-migration. Urban areas in large cities saw population decline while mid-sized cities and suburban areas gained population, indicating a shift away from urban cores. Millennials have been moving to suburbs, driven by factors like job growth, good weather, and the ability to work remotely.

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