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Tina Lam's Blog

By Tina Lam, ASP, SFR | Broker in San Jose, CA

Americans are on the move while Californians stay put

Altas Van Lines just published the 2011 Migration Patterns for US and Canada.  It captures the number of interstate moves based on cross-border shipments of goods.  It does not reflect the actual number of households moving into and out of states as it omits such relocations as when a family packs belongings in a car and drives cross country, when a super-light traveler takes two suitcases and jumps on the plane, or when the illegal immigrants settle down.  However it does provide a real-time indicator of which states are growing in population and which ones are losing and can give us a glimpse on the potential rise and fall of housing demands.

The total number of moves in US increased in 2011.  This certainly benefits rental market when families need temporary housing before settling down.  In 2011, California is considered as neutral, having roughly the same number of households coming and leaving.  If you take at close look at the data, California had a slight net gain in inbound traffic in 2011 and for every year since 2005.  This is a welcoming sign showing the demand of California housing will stay strong.

Overall the Western States are neutral in 2011.  The only exceptions are Utah, heavier on the outbound, and New Mexico, heavier on the inbound.  This is worthy of note if you plan to invest in real estate in these two states.  Another state popular with investors is Texas.  Texas has very high levels of both inbound and outbound traffic, second only to California.  And it consistently has more inbound than outbound traffic since 2005 with as much as 7 to 8 percent higher than the neutrality.  
I will definitely keep my eyes on the Lone Star state.

Comments

By Matthew Hars - Top Realtor in NYC,  Thu Mar 1 2012, 21:38
very interesting

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