metro areas

These metro areas are growing

by
walking in the city

From 2023 to 2024 metro areas in the U.S. saw an increase of 3.2 million residents or 1.1%. According to analysts, international migration is the prime driving force although the “return to office” policy of many corporations after years of remote work is also a factor.

These ten metro areas saw the biggest increases in population for July 1, 2023 to July 1, 2024:

  1. New York/Newark/Jersey City, NY-NJ
  2. Houston-Pasadena-The Woodlands, TX
  3. Dallas-Fort Worth-Arlington, TX
  4. Miami-Fort Lauderdale-West Palm Beach, FL
  5. Washington-Arlington-Alexandria, DC-VA-MD-WV
  6. Phoenix-Mesa-Chandler, AZ
  7. Orlando-Kissimmee-Sanford, FL
  8. Atlanta-Sandy Springs-Roswell, GA
  9. Chicago-Naperville-Elgin, IL-IN
  10. Seattle-Tacoma-Bellevue, WA

Home buyers looking to move to smaller cities & towns

by
Green Escrow | Real Estate Market News

According to a new report by Redfin, 27 percent of prospective homebuyers say they are looking to move out of their current metro area. New York, Los Angeles, and San Francisco all saw a net outflow of homeowners in April and May.

Certainly, the pandemic and work-from-home opportunities are primary factors as well as the high cost of living in many coastal cities.

Analysts point out that the trend out of expensive metro areas had already started before the arrival of COVID-19 but current conditions have accelerated the trend.