May 13, 2024 | Reading Time: 1 Minute
States experiencing net population loss due to outmigration may face reduced demand for homes, putting downward pressure on prices.
Changes in demographics, such as population growth or decline, migration patterns, or shifts in household composition, can influence housing demand and, consequently, prices.
Regions experiencing outmigration or declining birth rates may witness decreased demand for housing, leading to price declines, while areas attracting new residents may experience the opposite effect.