Posted on 04/15/2022 10:28:51 AM PDT by dennisw
Flight from big cities INCREASES despite end of pandemic with record numbers of homebuyers relocating from coastal cities like San Francisco, Los Angeles and Seattle to more affordable areas to beat inflation and work from home A report shows 32.3 percent of Redfin users were looking to move to a different metropolitan area in the first quarter of 2022 Those numbers are up from 31.5 percent a year ago and 26 percent in 2019 The company blames factors like skyrocketing home prices, rising mortgage rates and inflation as families look to find a more affordable place to live The top cities people are looking to leave, according to their data, are San Francisco, Los Angeles, New York, Washington DC and Seattle Redfin said that the 'outflow' is showing 'early signs of a housing-market slowdown in those areas'
A record number of homebuyers are departing from coastal cities like Los Angeles and San Francisco for states like Florida as inflation surges and the housing market shows early signs of a slowdown.
Redfin, a real-estate brokerage, released a report showing that 32.3 percent of users were looking to move to a different metropolitan area in the first quarter of 2022, up from 31.5 percent a year ago and 26 percent in 2019.
(Excerpt) Read more at dailymail.co.uk ...
MUCH MUCH MORE>>>>>>>>>>>>>>>>>
The company blames factors like skyrocketing home prices, rising mortgage rates and inflation - which rocketed to a 41-year-high 8.5 percent in March - as families look to find a more affordable place to live. They also note that the ability to work remotely has given people more freedom to move.
The analysis is based on a sample of about two million Redfin users who searched for homes across more than 100 metro areas in the first quarter, singling out what they deemed were serious buyers.
The top cities people are looking to leave, according to their data, are San Francisco, Los Angeles, New York, Washington DC and Seattle.
Inflation sky-rocketed to a 41-year-high of 8.5 percent in March of 2022
Notably, three of the top six cities on the list of high inflows are in the state of Florida.
Redfin suggests that ‘sunny, relatively affordable’ areas are often the most popular places to move, but Miami’s at six times the number of searches for people to move than it was two years ago, while Tampa’s numbers have tripled.
Florida is an especially popular destination for people looking to leave both New York and Chicago.
As recently as March, Governor Ron DeSantis was touting the number of New Yorkers who were fed up and moved to the Sunshine State, according to the New York Post.
Redfin said that the ‘outflow’ is showing ‘ early signs of a housing-market slowdown in those’ coastal cities. In general, the brokerage said they’re seeing fewer buyers contacting their agents in 2022 than in years past, in addition to a decline in mortgage applications.
They cited Seattle as particularly troublesome, where home prices rose 15 percent year-over-year to around $750,000 for a typical home. The tech jobs Seattle is famous for have gone more towards work from home than most, which has allowed them to seek more affordable areas.
San Francisco, Los Angeles, New York, Washington DC and Seattle topped the list of cities people are looking to move to, with Miami, Phoenix, Tampa Bay, Sacramento and Las Vegas topping the destinations
While many are looking to relocate, people in Seattle were seen as most frequently searching for a move to Phoenix, while those in Los Angeles wanted to relocate to nearby San Diego and New Yorkers were headed south for Miami and Tampa
Even though people are fleeing Seattle in droves, things are so bad in San Fransisco that moving even to Seattle is preferable to staying, to say nothing of Sacramento.
Sane people tend to want to leave homes located in open toilets.
The top cities people are looking to leave, according to their data, are San Francisco, Los Angeles, New York, Washington DC and Seattle Redfin said that the ‘outflow’ is showing ‘early signs of a housing-market slowdown in those areas’!
Interesting, how the headline omitted NYC, Baltimore and DC.
Portland is hemorrhaging re people leaving.
despite???? You mean because
Don’t move to Utah. If you do you will be kidnapped by 250 pound women in overalls. And be forced to listen to Donnie and Marie.
Not in Phoenix but the growth where I am in AZ is totally unreal...Building everywhere...Our place in the last 3 years has gone up 100k per year...Hard to believe? It is for us too. I'm totally blown away...We left CA 3 years ago and it's like 25 percent of the state followed us. But I will say, from my experience, most those coming here seem to have bailed out of CA for the same reasons we did. Insane leftist politics, way too expensive, too crowded, crime, illegals etc...
In five years Tampa will be uninhabitable. Between gridlock, Puerto Rican mass migration, illegals driving cars with no licenses and no insurance, and now escapees from NYC and Chicago bringing their Democrat voting habits with them, we are phucked.
Essential services are stretched to breaking, and access to hospitals, schools, and medical offices is already hopelessly over burdened with waits of a month or more to make an appointment.
School rooms overcrowded with non-English speaking kids whose parents are having more because the feds have incentivized having children with the Child Care Tax Credits, screwing up legitimate IRS refunds, meaning these people get refunds on taxes they never paid just for having more babies.
Thirty eight years in Tampa yes I am royally pissed. My neighborhood is going to the dogs really fast. The rentals have three strangers to each house just to be able to afford the monthly rental payment. Our subdivision has been turned into one giant dormitory. Nobody speaks English. And if you do, they hate you even more.
“Sane people tend to want to leave homes located in open toilets.”
Yes. Even a dog knows you don’t crap where you eat.
Add crime stats to that. Plandemic may be mostly passed but places people are leaving do still have an epidemic, epidemic of crime.
Then call in a crew of "Snakes."
Maybe we need another census next year to see if California can drop more delegates?
My thinking: “Nowhere to run to baby, nowhere to run”
They are moving in droves to Atlanta. That’s why we just purchased acreage in rural N GA and are fleeing there as soon as our house sells.
So many lazy people post up articles and dont bother to edit them before posting.
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