AQUA BOOK 2015 - Page 12

ECONOMIC TRENDS Housing Inventory (Months) 10 Source: Real Estate Center, TAMU. The effect of migrants on Corpus Christi’s housing market is evident in the accompanying chart, which shows the area’s inventory stock since 2009 and the number of migrants as a percent of local population. Before 2011, more residents moved out of the area than persons moving into the area, meaning a negative net migration of the local population. This negative net migration trend was reversed in 2011. Migrants, mostly from other parts of the nation as opposed to overseas, have helped to absorb Corpus Christi’s housing supply. Annual Review of South Texas Economy