'Housing affordability is reshaping migration trends,' economist says. Here's where people are moving
Publishing timestamp: 2024-01-23 10:20:25
Summary
The article discusses how residents from major cities are increasingly moving to Southern and Midwestern cities where housing costs and competition are less severe. The affordability of housing is reshaping migration trends, with consumers moving to new metropolitan areas where homes are $7500 less, on average, compared to the places they left. The draw of these cities is due to the rapid creation of jobs and the construction of new houses.
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