Last updated 22 days ago
A constant debate in California politics is whether jobs and people are leaving the state. This week, in fact, Texas Governor Rick Perry is in California, trying to lure businesses to his state. He won’t have much luck because jobs rarely move: in a typical year, just 25,000 jobs move out of California, and 16,000 jobs move in, out of an economy of 18 million jobs. In contrast, hundreds of thousands of people move in and out of California each year. Who are they, and why do they move?
Who Moves In and Out?
Here are the basic facts. In 2011, 562,000 people left California, and 468,000 came, according to the Census’s American Community Survey. That means 120 people moved out of California for every 100 people who moved in. Out-migration reached its peak in 2005, when 160 people moved out of California for every 100 people who moved in. The California exodus rose with the housing bubble and subsided in the recession. Lower home values in 2008-2011 made California more affordable, encouraging in-migration and discouraging out-migration, as well as pushing some California borrowers underwater, further discouraging out-migration.
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Last updated 22 days ago
PENDING - 1411 West 9th Street #A - Stephanie Panozzo, 512.750.7808. Charming bungalow in Clarksville, walking distance to downtown, shopping and restaurants.
Last updated 24 days ago
Gorgeous home custom built by Michael Deane Homes and recently remodeled with the highest level of craftsmanship and quality. Great floor plan with formal living, library & family room that opens to the gourmet kitchen. The large lot features a wonderful covered living area with fireplace and built in grill with views of the hill country. The backyard has a pool, hot tub & large open lawn. Offered for $2,375,000. Listed by Laura Gottesman. 512-451-2422. www.3102pecos.com
Last updated 24 days ago
Five Fifty Five. 555 East 5th Street, #2821. Fastantic one bedroom condo on 28# floor of the Five Fifty
Five Condominiums with forever East views. Tricked out kitchen with Wolf Range, warming drawer & wine refrigerator. Balcony. Amenities include pool/spa, fitness center, 24-hour concierge, room service. $410,000. Robin Banister, Broker. Gottesman Residential Real Estate. 512.589.6090. robinbanister@gmail.com.
Last updated 24 days ago
3002 BRIDLE PATH - Charming home in Tarrytown on a beautiful lot including a sparkling pool. Great floor plan with three bedrooms, sitting area off master, and light filled playroom. Offered for $895,000. Listed by Laura Gottesman. 512-451-2422. www.3002bridlepath.com
