{"id":4514,"date":"2023-08-29T17:06:34","date_gmt":"2023-08-29T17:06:34","guid":{"rendered":"https:\/\/frankbuysphilly.com\/why-all-your-exes-probably-live-in-texas\/"},"modified":"2023-08-29T17:06:34","modified_gmt":"2023-08-29T17:06:34","slug":"why-all-your-exes-probably-live-in-texas","status":"publish","type":"post","link":"https:\/\/frankbuysphilly.com\/why-all-your-exes-probably-live-in-texas\/","title":{"rendered":"Why all your exes probably live in Texas"},"content":{"rendered":"
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Texas continues to outpace other states in attracting new residents, according to migration data<\/a> from John Burns<\/strong>, with Houston, San Antonio and Fort Worth showing strong housing demand. The other top cities for in-migration include Jacksonville, Florida, Charlotte, North Carolina, and Nashville, Tennessee.<\/p>\n However, the Austin housing market, which boomed during the pandemic<\/a>, is now seeing barely positive migration numbers, along with Phoenix<\/a>, Arizona, and Las Vegas, Nevada.<\/p>\n According to Altos Research<\/a><\/strong>, the Austin metro<\/a> housing market shows signs of a substantial normalization in home prices compared with the overall trends of the pandemic years and pre-pandemic years. The median sale price for a home in the Austin metro area reached a peak of $675,000 in April 2022. By April 2023, that figure had dropped by 14.07% to a median sale price of $580,000. As of August 2023, the median sale price in the Austin metro area had moderated further to $569,900.<\/p>\n The John Burns report shows housing demand is weak in Sacramento<\/a> and Riverside-San Bernardino<\/a>, California.<\/p>\n Meanwhile, in metros such as Denver, Seattle and Philadelphia, the concern doesn\u2019t revolve so much about the people coming in but too many going out, as out-migration is becoming a real issue.<\/p>\n At the very bottom of the list, the East Bay area, Orange County, San Diego, San Jose, Miami, Washington, D.C., Boston, Chicago and San Francisco show very negative domestic out-migration. However, this exodus might be offset by international migration.<\/p>\n To conduct this study, John Burns monitored domestic migration trends in near real time, using postal address change forms that are current within a few months. This data excludes international migration.<\/p>\n