Bay Area Exodus and The Housing Market: Values Declining?

Bay Area Exodus! We have all heard about the Bay Area exodus, with tons of people leaving the Silicon Valley to move to more affordable places for housing, like Oregon, Texas, Florida, Nevada, you name it. Especially for tech workers, they have the option to work remotely. We know that population loss can potentially have a negative impact on home values due to decreased demand and increased housing inventory, if population loss is on a large scale. I was curious about how the pandemic exodus impacted values of homes in San Jose/The Bay Area. Let’s find out together.
Spoil Alert! Some of the stats may surprise you!
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00:00 - Bay Area Exodus & Intro
01:20 - Interactive Map to Show Population Change
01:54 - Winners and Losers of Population Change
02:50 -Top Three Areas with Net Population Gain & Home Prices Changes
04:33 - Top Three Areas with Net Population Loss & Price Up or Down?
05:58 - Population Loss= Home Value Decline?
06:57- Outro
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