Recent US Census Bureau data highlights significant migration trends and housing market implications across various US metros. Phoenix, AZ, Austin, TX, and Las Vegas, NV, have experienced their worst migration performance in a decade in 2023, suggesting home prices and rents could fall further. Conversely, Harris County led the nation in population growth, driven by factors not detailed in the tweets. The Fresno area emerged as one of California's fastest-growing large regions, not primarily due to high migration rates. Migration from LA & SF is countercyclical, indicating a potentially slowing economy. Florida, referred to as the Sunshine State, topped the list of the country's fastest-growing areas over the past three years. In Las Vegas, luxury homes and the construction of 51 multimillion-dollar homes in an affluent development are raising the cost of living, despite the city's growth ranking 17th nationally.
New census data shows this is one of the fastest-growing large regions in California. But it’s not necessarily because people are moving there in droves. https://t.co/lKNC9E1TxD
Over the past three years, the Las Vegas Valley was the 17th fastest-growing metro in the country, the census says. READ MORE: https://t.co/h1yJp0rIZ2 https://t.co/4sYYMlwyAN
Construction has started on 51 multimillion-dollar homes in an affluent development on the edge of the Las Vegas Valley. https://t.co/VKuX8QQglu
New census data shows this is one of the fastest-growing large regions in California. But it’s not necessarily because people are moving there in droves. https://t.co/8kS1xKxJNk
The homes add to the proliferation of luxury properties of more than $20 million in the Valley market these days. https://t.co/HfiHfgQY9w
The country's top four fastest-growing metro areas over the past three years were all in the Sunshine State, according to U.S. census figures. https://t.co/pCGGtH93AU
Here's how the Fresno region became one of California's fastest-growing areas: https://t.co/RdabzRR9P4
The Fresno area is one of the fastest-growing large regions in California, new census data shows. And it’s not necessarily because people are moving there in droves. https://t.co/sA73FpqHJG
The Las Vegas valley is growing however, with expansion comes growing pains. New mixed-use developments are in the works for the Downtown Arts District and experts say that the price of luxury will raise the cost of living in the area. https://t.co/sxq3q2QPoS
Las Vegas luxury homes continue to raise the bar on opulence, hospitality https://t.co/Nqmrc3OXu1
Harris County led the country in U.S. Census growth. Here's what fueled the population gain. https://t.co/27S2QTFZGn
These are actually interesting trends to track. Migration from LA & SF is countercyclical. When real incomes rise, families have to move away from those cities, so moderating migration could be a sign of a slowing economy. But, increasingly, every city is reversing the causality… https://t.co/oRnuu0xkqp
Key markets where migration levels are plummeting📉 Phoenix, AZ Austin, TX Las Vegas, NV US Census Bureau data shows these metros logging their worst migration performance in a decade in 2023. Suggests that home prices/rents could have further to fall. https://t.co/DdiRxCDxKn