All Forum Posts by: James Park

Current Inventory Levels in Forsyth and Gwinnett County

@Matt R.

You hit on a point that I completely overlooked. Texas's culture for business is obvious but the CA hispanic migration is something that I did not look at. California has the largest population of 38,802,500 then comes Texas at 26,956,958. Georgia's population is much smaller at 10,097,343. Where it gets interesting is that Texas is much more similar it its hispanic population makeup with Califonia that it is with Georgia. 34.16% of Texas's population is made up of hispanic households while 38.6% of California's population is made of up hispanic households. In Georgia, the second largest minority in our state are African Americans making up 31.5% of the state. Dallas's weather is dry heat similar to that of Californa whereas the southeast is more humid weather. The CA hispanic migration into Texas, Texas having the 2nd largest hispanic population, pro business culture - zero state income tax, Dallas/Forth Worth's dry heat weather all seem to explain to me why Texas maybe the preferred destination for Californian relocations over Georgia.

Matt, now you are got me started on my next research project of where the Asian migration in the United States is taking place between 2000 - 2016.

Hispanic migration photos shown below.

Month to Month Inventory Data from January 2010 to January 2016. San Francisco / Bay Area's housing inventory decreased by 75%, Los Angeles / Orange County's inventory decreased by 66% and Atlanta metro's inventory decreased by 55%.

Domestic Migration Loss

Domestic Migration Gain

Average Hours Wasted in Traffic in 2015

1. Los Angeles, CA                      81 hours
2. San Francisco, CA                   75 hours
3. Atlanta, GA                               59 hours

@Tim Richardson,

If you look at the top two appreciating markets, they are Denver Colorado and Dallas/Fort Worth Texas. Most people think that money flowing in from China is the primary cause for micro and macro appreciation and bubbles to take place, but one appreciation factor that I definitely see is the domestic  "Californian Migration Effect" The #1 incoming migration gateway to Denver and Dallas are Californians and these two cities are also the top two highest appreciation performers. I don't think this is a coincidence.

We Georgians also want see some of that Dallas and Denver appreciation action here in Atlanta. Unfortunately, Atlanta is not one of the top five gateway cities for Californian families moving out of California.  I don't understand how Dallas is the #1 gateway city for Californians and Atlanta is not.

I saw that Texas' s #1 gateway city is California, then Nevada, Oregon, Arizona, Washington. For Georgia, the top gateway cities are New York, New Jersey, and Chicago similar to that of Florida. Why would Californians prefer to relocate to states like Texas, Nevada, Oregon, Arizona, Washington over Georgia?

Couple things that come to mind is that Texas is much closer to California in proximity as Georgia is located on the opposite side of the country. 

Perhaps the reason is that Californians can tolerate dry heat, but they dislike the humid weather that is prevalent in the south east?

As a real estate broker in the north Atlanta, I can testify that there are not that many Californians relocating here. I had one relocation client from Los Angeles out of maybe a 100.