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Some Markets That Saw High Population Growth Are Facing an Imminent Slowdown

CoStar Insight: Migration Patterns Through Economic Cycles Show Sharply Reduced Population Gains In the Event of a Recession
An aerial view of downtown Phoenix, Arizona. (Getty Images)
An aerial view of downtown Phoenix, Arizona. (Getty Images)
By Andrew Rybczynski
CoStar Advisory Services
May 13, 2020 | 7:31 P.M.

As we enter an inevitable economic slowdown precipitated by the ongoing coronavirus containment efforts, CoStar expects the migration cycle between U.S. markets to reset. We had previously predicted that strong population gains in high-growth markets with lower-education levels would be greatly reduced in the event of a recession. The time to test that theory is approaching. And we stand by it.

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