Home prices have skyrocketed about +30% in some Sun Belt hotspots.

Most Popular Migration Destinations Seeing Housing Costs Soar

Nationwide, approximately 31% of Americans, according to Redfin, many of whom remote workers wanting to take advantage of historically low interest rates, swooped in to Sun Belt cities looking for affordable houses and tax friendliness during 2021.

What those migrants found, however, didn’t sync with their expectations.  In Phoenix, the most popular of all migration destinations during 2021 with some 85,000 new residents, the typical home sold for $435,000 in December, an increase of more than +28% y/y, and/or an average monthly rental payment of $2,100, an increase of +26% y/y.  Likewise, Phoenix experienced the second-highest inflation rate in the US, +8.4% y/y for consumer goods and services, during Q4 2021.

Quiz: 

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1) I am ready to join EXP Realty. 

2) I am interested in EXP Realty and need more info. 

3) I am not interested in EXP Realty. 

Key:

* If you answered “#1” congratulations. You are about to join the fastest-growing real estate company in the world. Tim and Julie Harris are inviting you to join them at EXP Realty. Text Tim directly for the next steps: 512-758-0206. (text only please)

* If you answered “#2” please watch the videos and check out the other intel on this site. http://whylibertas.com/harris . 

* If you answered ‘#3’ no worries. You will want to check out whylibertas.com/harris so you can at least know what EXP Realty is and why so many agents are moving to EXP. 

Metros with Most Migrant Inflows, Soaring Prices & Scant Inventories

Metro     Inflow     Med. Price Y/Y % Change   Supply Gap

Phoenix     85,183  $435,200    +28%             -18.6%

Dallas        56,449  $385,000    +20.3%           -27.6%

Orlando     52,621   $356,000    +22.8%           -29%

Atlanta      37,970   $350,000     +22.8%          -27.4%

Tampa       37,440   $338,000     +24.3%           -8%

Austin        32,184   $482,100     +30.3%          -6.5%

Las Vegas  31,701    $399,400     +24.8%          -27.7%

Charlotte   28,546    $357,000     +20.4%          -31.4%

Denver      25,665    $540,000     +19.5%          -26.8%

San Antonio  23,909  $308,600     +18.7%         -17.8%

Times, They Are A-Changing

“Moving across the country is now easier for many Americans, thanks to remote work.  That cultural shift is her to stay,” said Redfin Deputy Chief Economist Taylor Marr.

“What’s changing,” continued Marr, “is the affordability of the most popular destinations.  Some locals, particularly renters who aren’t able to take advantage of rising homme values, are getting priced out of places like Phoenix and Austin as the cost of housing and other goods and services go up.  New construction tends to be robust in sprawling Sun Belt cities, and local governments ought to continue to prioritize building new homes to keep up with ongoing demand.”

Are you ready to learn what your DISC personality style is? You know it’s critical that you understand what your natural personality style is. Once you have obtained this knowledge everything in your business and personal life will change for the better. Tim and Julie Harris are making it super simple for you to have this powerful info. Now, text the word YOU to 47372, and when you do you will instantly receive a special exclusive text link. Next, you will complete your own DISC personality test.. the results will be shared with you instantly once you complete the simple and fun test, no strings attached. Simply text the word YOU to 47372 and click the link.

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Thanks to US Census Bureau and Redfin.

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