LA residents moving east despite lack of jobs

While Sales Of Existing Homes Rise In July, Prices Continue To Fall

David McNew/Getty Images

Two vacant homes are for sale on August 25, 2008 in Moreno Valley, California.

New Census Bureau estimates reveal that Los Angeles County is losing tens of thousands of residents to the eastern counties of the Inland Empire despite the area's staggering unemployment rate.

The Los Angeles Times reported Sunday that the migration accounted for the nation's biggest net county-to-county movement from 2007 to 2011.

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According to the Census data roughly 35,000 more people moved to the Inland Empire from Los Angeles County than the opposite direction. The migration occurred as Riverside and San Bernardino counties lost 144,000 jobs

Economist John Husing says the gulf in housing costs continued to be a powerful force drawing moving vans eastward, where the median price for a home is more than $200,000 less.

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