Tags: blue | democratic | counties | residents | housing | costs

'Blue' Democratic Counties Losing Residents as Housing Costs Climb

'Blue' Democratic Counties Losing Residents as Housing Costs Climb
(Dollar Photo Club)

Friday, 13 October 2017 01:15 PM

More people are leaving “blue” counties, those that lean Democratic, than moving in. But politics aren’t the reason -- home prices are.

In the first half of the year, 7.4 percent more people migrated out of blue counties in the U.S. than came in, compared with a 1 percent gain for red, or Republican, areas, according to an analysis by brokerage Redfin Corp. of online home-search data.

“Purple” counties -- those with a more balanced mix of party affiliations -- saw a gain of 3.9 percent.

On average, a home in a blue county costs about $360,000, more than 62 percent higher than the typical residence in red counties, Redfin said.

“We see a great number of residents moving to red counties where they can afford the lifestyle they want,” Redfin Chief Economist Nela Richardson said.

© Copyright 2021 Bloomberg News. All rights reserved.


StreetTalk
More people are leaving "blue" counties, those that lean Democratic, than moving in. But politics aren't the reason -- home prices are.
blue, democratic, counties, residents, housing, costs
136
2017-15-13
Friday, 13 October 2017 01:15 PM
Newsmax Media, Inc.
 
Newsmax TV Live

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved