The demographic shift in the country has long been seen by experts as encouraged by money, or a lack thereof. Now there’s a suggestion from Redfin that income and expenses have more of an effect than previously thought.

“High mortgage rates, persistent inflation and economic woes are making expensive parts of the country less attractive and relatively affordable places more popular,” said Redfin in a study and found. Migration out of Los Angeles, New York, Washington, D.C. and Boston has picked up from last year.”

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Erik Sherman

 

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