(ZEROHEDGE) – Despite the worst housing affordability crisis in decades and a frozen housing market, the latest migration data reveals a clear pattern: Americans continue to ditch California’s urban centers, Chicago, and Northeastern cities, flocking to Sun Belt and Southwest U.S. cities.
A new report from John Burns Real Estate Consulting shows Houston, Jacksonville, Charlotte, San Antonia, Fort Worth, and Nashville still had strong inbound migration, while the eastern region of the San Francisco Bay Area, Orange County, San Diego, San Jose, Miami, Washington, DC, Boston, Chicago, and San Francisco had very negative outbound migration flows.
To determine migration trends, the team analyzed current postal address change forms within a few months, explaining that this data “has given us far more conviction in expressing” migration trends nationwide.
