The Market Tectonics of California Real Estate
New York Times, May 28, 2021–Debra Kamin
While reports of a mass pandemic-induced exodus from California are greatly exaggerated, there is a significant migration afoot. California’s biggest cities are shedding residents, while its suburbs and exurbs are seeing rapid population gains. The shift is fueling a red-hot housing market in areas once ignored by city dwellers, and turning some of the state’s secondary cities into small-scale boom towns.