1007 ET - The flow of U.S. residents moving into Florida, Texas and other parts of the Sun Belt slowed significantly in 2024, according to Redfin. Tampa had a net inflow of just over 10,000 residents in 2024, less than one-third the 35,000-person net inflow the year before, marking the biggest slowdown in domestic migration of the 50 most populous U.S. metros. Dallas saw the next-biggest slowdown, with a net inflow of roughly 13,000 residents in 2024, down from 35,000 the year before. Next comes Atlanta, Houston, Miami, Orlando, Fort Lauderdale, San Antonio, Fort Worth and Austin. Reasons migration to these areas is slowing include the rising cost of living, natural disasters--mostly in Florida--and in-office work, giving people less freedom to move, as well as economic uncertainty. (chris.wack@wsj.com)
(END) Dow Jones Newswires
April 16, 2025 10:08 ET (14:08 GMT)
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