Top states Americans moving to dominated by the South
Published On Nov 29, 2024, 7:00 AM
New data indicates a significant trend of Americans migrating to Southern states, with the National Association of Realtors' 2024 Migration Trends report revealing that Florida, Texas, North Carolina, South Carolina, and Georgia were the top destinations. The primary reasons for moving include affordable housing (42%), family (26%), and employment (16%). In contrast, states like California experienced population declines.
Stock Forecasts
VNQ
Positive
Given the increase in migration to Southern states, especially Florida and Texas, this trend could drive real estate demand and potentially increase property values in these areas. Investment in real estate-related stocks or ETFs focusing on these states may benefit from this trend.
SPY
Negative
The outflow from California and other high-cost states suggests a potential downturn in local real estate markets, leading to lower property values and investment opportunities in distressed assets or future recovery play.
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