Americans migrating to the South and West

Freddie Mac studied U.S. migration trends in the decade from 2010-2019 and found that the populations of the South and West are growing fastest in the U.S. Over that period, the metros of Austin, Texas, and Raleigh, North Carolina, grew the fastest and second fastest, respectively, followed by Orlando, Florida, Houston and San Antonio. The study also finds that these growths occurred predominantly in the suburbs of those metros versus the city centers, and that population growth doesn’t correlate directly with home price increases. Home price increases, Freddie Mac found, increase more based on per-capita income. As the nation undergoes a great reshuffling in response to the pandemic, and the increased work flexibility it provides, these trends appear likely to continue. House prices, warmer weather and suburban space will continue to pull buyers.