Fertility rates are falling faster in areas with higher home values

The U.S. counties that saw some of the steepest increases in home values also saw some of the steepest declines in fertility rates, according to a recent study by Zillow Research.

Reproduced from Zillow Economic Research; Chart: Axios Visuals

Why it matters: The housing trends do not necessarily mean that increased home values are a cause for the decline in fertility rates or vice versa. It could be that people with careers who can afford expensive homes, but can't afford or choose not to have children before 30, cluster in certain counties, researchers say.