California experiences its first ever yearly population decline

California experiences its first ever yearly population decline

California experiences its first ever yearly population decline
For the first time ever, the population of California has declined from the previous year. According to state officials who reported the data last week, California’s population recorded a loss of more than 182,000 people in 2020. The current headcount in the state is currently 39.5 million.

The high cost of living, unaffordable housing and strict COVID-19 policies are being cited as some of the top reasons Californian’s chose to relocate last year. However, state officials note that the exodus from California has been a trend before the pandemic. A declining birth rate has also contributed to the decrease in population as well as an increase in deaths due to the coronavirus.

Between 2010 and 2020, more than six million Californians have left for other states, compared to 4.9 million people who relocated to the Golden State from elsewhere in the U.S.

Meanwhile, conforming no-point 30-year fixed mortgage rates are averaging 3.0 percent and 15-year rates are near 2.375 percent.

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