Lower net domestic migration has substituted in for the earlier supply glut as the main factor putting downward pressure on house prices in the Sun Belt’s previously red-hot metros. We doubt the region’s recent underperformance will last, however, as normalising supply paired with favourable employment prospects should provide some impetus to price growth over our three-year forecast horizon.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services