In this Wall Street Journal article from August 13th, 2021, they go through several things the latest census data (2010-2020) shows. The article goes for the clickbait issue of "White Population declining" to get people to actually read the article. That's mainstream writing these days, I get it, you have to grab people's attention to get people to check out the article.
Here's the data point I found most interesting in this article:
52% of U.S. counties shrank in population between 2010 and 2020.
The financial world is in a kind of Never Never Land right now, with the Covid shutdowns and then buoyed up by trillions of new money the Federal Reserve has created in 2020. Things are really out of whack, and now inflation is growing. There's a ton of confusing, and often contradicting data. So here's one solid point. 52% of counties, primarily rural and small town areas, are losing people, and the big metro areas, are gaining people, generally speaking. That was before 2020, but it's a major, longer trend. Real estate may be really cheap in small towns, but there's a reason for that, the majority of rural and small town areas are shrinking in population.
If you're in real estate, and looking at areas nationwide, this is big. The major metro areas are much higher priced, but generally speaking, they are still growing. There has been a lot of talk about people migrating to smaller towns and cities, and a number of upscale people did, during 2020. But it looks like many are heading right back to areas like New York City, we are starting to see those reports now, even though the pandemic is still going, despite having vaccines available here in the U.S..
There are several other data points in the article, so check it out.
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