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Showing Original Post only (View all)Fewer Americans are moving to Florida and Texas, new report claims [View all]
Source: The Independent
Monday 21 April 2025 20:05 BST
Fewer Americans are moving to Florida and Texas, new data has shown, as higher cost of living, economic uncertainty and increasing risk of natural disasters causes concern. Busy metropolitan cities such as Tampa and Dallas have seen a drop of almost two-thirds of people moving in, according to U.S. Census Bureau data reviewed by real estate company Redfin.
Tampa had a net inflow of just over 10,000 residents in 2024, compared to 35,000 people the year before, according to the company. This marks the biggest slowdown in domestic migration of the 50 most populous U.S. metro areas. Dallas saw the next-biggest slowdown, with a net inflow of roughly 13,000 residents in 2024, down from 35,000 the year before.
Atlanta came third, according to the data, though other major areas in Florida and Texas including Houston, Miami, Orlando, Fort Lauderdale, San Antonio, Fort Worth and Austin also saw drops. Redfin attributes the drops in domestic migration to the Sun Belt states to several concerns.
One major factor, according to Bryan Carnaggio, a Redfin Premier agent in Florida, is natural disasters and the resulting insurance costs. The frequency and intensity of climate disasters, such as hurricanes, has resulted in skyrocketing insurance premiums and HOA fees. The trend is similar in Texas.
Read more: https://www.independent.co.uk/news/world/americas/florida-texas-moving-housing-b2736841.html
Link to Redfin REPORT - Florida and Texas Are Gaining Residents at a Much Slower Rate Than They Used To, Eating Into Homebuyer Demand
