Nearly 100,000 Californians relocated to Texas in just one year, enough to fill a city like College Station annually.
That’s according to the latest StorageCafe research report, which analyzes U.S. migration trends. California continues to lead the nation in outbound migration, with 683,000 residents leaving in a single year. Texas welcomed the largest share, accounting for 16% of all out-of-state newcomers.
Millennials and Gen Z are driving the California-to-Texas migration, with Millennials making up over 31% of movers and Gen Z accounting for 20%. Many of these transplants are highly educated (about one-third hold a bachelor’s degree) and 27% work remotely.
Top migration routes:
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The development team behind One Beverly Hills (1BH) said construction on the $10-billion luxury mixed-use project is proceeding ahead of schedule. The Beverly Hilton expansion structure topped out approximately 10 weeks ahead of schedule and one of the residential towers is progressing six weeks ahead. “This was accomplished while significant operations were maintained at The...
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Northwind Group has originated a $231-million first mortgage construction loan for 675 Third Ave., a 32-story, 337,000-square-foot office building in Manhattan’s Midtown East neighborhood that is slated for conversion into residential apartments. The conversion is being led by a joint venture between Nathan Berman’s Metro Loft Management and David Werner Real Estate Investments. Loan proceeds...
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Rental housing affordability declined in 82% of U.S. metropolitan areas between 2014 and 2023, with renters experiencing the equivalent of an average $256 annual reduction in income after accounting for changes in housing quality. That’s according to a new report released Tuesday by the Mortgage Bankers Association’s Research Institute for Housing America. The report, Housing...
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Northgate Real Estate Group
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