New Analysis Examines Housing Trends in California

A report by Beacon Economics and Next10 shows that between 2006 and 2016, more people moved out of California than moved in, with outgoing migrators predominantly lower-income residents, and incoming migrators mostly of wealthier households. The report finds that over the 11-year period, the state’s net migration of those earning between $30,000 and 49,999 accounted for 93,500 residents leaving, or 18 percent of net out-migration over that period. On the other hand, net domestic migration for households earning between $50,000 and 99,999 was found to be positive since 2010, representing roughly 52 percent of net in-migration over that period. These trends help explain the state’s growing housing affordability problem, with the report noting that the median California home price in 2016 was $266,750, the highest of any state.

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