The relationship between migration and inflation has strengthened as more people relocate from expensive cities to more affordable areas
"We know a lot of people that we've been tracking throughout the pandemic have been leaving in places like the Bay Area and New York or D.C. on the East Coast. And they've been pouring into these hot migration destinations throughout the pandemic, like Phoenix, Miami, Tampa, Atlanta," Marr said.
Redfin's analysis showed Atlanta ranked the 10th-most popular migration destination, and Tampa was the third-most popular migration destination. The influx of people moving into Phoenix, Tampa and Atlanta during the pandemic also has led to rapidly rising home prices in those regions. And that's just one contributor to outsized inflation there.
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