[ZeroHedge] New migration trends published in a report by Realtor.com revealed Americans who had the economic mobility to pick up their bags and bug out during the pandemic fled from expensive coastal cities and liberal technology hubs to Sun Belt states, according to Bloomberg.
Now for the exodus. Rent growth in some Northeast and Mid-Atlantic cities was flat to negative. Buffalo, New York and Washington, D.C. recorded negative to flat rent growth over the last two years. Rents were muted in liberal technology hubs, such as San Jose, California; San Francisco, California; and Seattle, Washington. |