Weighing in on the market trends, former hedge fund manager Michael Burry of ‘The Big Short’ fame, said in a now-deleted tweet on May 24, that the falling stocks and slowing home sales, remind him of 2008.
A previous Redfin study found that Cape Coral was one of the most popular destinations for those who moved during the pandemic.
The city’s population has risen nearly 10% in 2021 and 2022 with the majority of migrants coming from Chicago.
San Francisco that lost the most residents of any city during the pandemic, according to the study. The majority of those who left the city stayed in California, settling in the Sacramento-area.
While Los Angeles lost more than 50,000 residents, with the majority relocating to San Diego.
New York City lost 80,000 residents with the most settling in Miami