Net Outward Migration from Higher-Priced Counties to Lower-Priced Counties
– this post authored by Archana Pradhan
Home prices in many high-cost areas such as San Francisco, New York City, and elsewhere, have sky-rocketed and become less affordable. A combination of tight supply and high demand (driven by an improving economy and strong job growth) has led to the affordability challenges in these areas. Not all buyers are wealthy or have a high income to afford the rising housing cost in these areas.