...especially in FLA due to extremely high insurance rates, which in turn are due to the increasing effects of Climate Change...which leadership refuses to acknowledge...even though unemotional insurance execs can see the evidence clearly. Do these states not know how to provide for their citizens?
Here's an AI Summary...
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AI Overview
While Texas and Florida continue to see overall population growth, the rate of domestic migration into these states has slowed compared to previous years. Specifically, the influx of new residents from other US states has decreased in both Texas and Florida, while some cities within these states are even experiencing net outflows of residents.
Here's a more detailed look:
Slower Inflow:
Both Texas and Florida saw significant decreases in net domestic migration in 2024 compared to 2022. For example, Florida's net domestic migration dropped from +314K in 2022 to +64K in 2024, according to ResiClub.
Cities Experiencing Outflows:
Some cities in these states, like those in the Dallas-Fort Worth, Houston, Miami, Orlando, and Tampa metro areas, are experiencing more people moving out than moving in.
Factors Contributing to the Shift:
Factors like rising home prices, high property taxes, and increased insurance premiums in these states are potentially contributing to the slowdown in migration.
Continued Growth:
Despite the slowdown, both states are still experiencing positive net migration overall, indicating that more people are still moving in than moving out.
Sun Belt Shift:
The trend of people moving to the Sun Belt, including Texas and Florida, has been ongoing for years, but the pace has notably decreased.
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