I hope you enjoy the release of my Q2 2025 Miami Dade Real Estate Report. This post also includes video segments of Ana Bozovic's Inman Connect 2025 talk at New World Symphony in Miami Beach. The segments will help to contextualize and bring to life the Q2 2025 market report.
NEW CENSUS DATA: blue states continue to lose population!
I made the table after downloading and processing newly released 2023 interstate census data.
Source: https://www.census.gov/newsroom/press-releases/2024/state-to-state-migration-flows.html
The pattern is very clear.
High tax, blue states are losing population due to interstate migration.
And as I keep saying, I do not see this reversing.
I do not see a sudden net flow into high tax states.
The political leanings of the state seem to be correlated to the tax levels.
Download my full Q3 2024 Miami Real Estate Report
The Key Points
-> Migration is flowing towards new 21st century epicenters, of which Miami is one
-> Entrepreneurship and creation flow towards the paths of least resistance
-> I do not see a reversal or large net migration back to high tax states.
The pattern is very clear.
As the country reshapes around 21st century realities and shift in economic focus continues, high tax states are clearly losing population.
The two winners, TX and FL, have 0% state tax.
The two losers, CA and NY, are at over 10%.
I added a column for Governor, Republican or Democrat.
And a pattern emerged: 8/10 winning states had Republican governors.
9/10 losing states had Democratic governors.
I am simply observing. It is what it is.
America is reshaping.
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