Moving

Phoenix No. 1 vacation spot for folks transferring from Los Angeles

According to a new report from Redfin (redfin.com), the technology-enabled real estate agent, 29.5% of Redfin.com users nationwide wanted to relocate to another metropolitan area in October. That’s a decrease from a high of 31.5% at the beginning of the year, but still higher than the 26% before the coronavirus pandemic. But when it comes to people moving away from Los Angeles, Phoenix is ​​the number one destination.

“With many employers making remote work permanent, we expect people to continue moving more frequently than before the pandemic,” said Redfin chief economist Daryl good weather. “What is likely to change are the places people move to. Popular Sunbelt migration destinations including Phoenix, Atlanta and Austin are likely to fall out of favor as skyrocketing house prices have made them less affordable. Cities in the north like Columbus, Harrisburg and Indianapolis is likely to gain popularity as homebuyers seek better value for money. “

ALSO READ: 8 of the best places to live in Metro Phoenix

Miami, Phoenix and Sacramento are the top Metro home buyers you want to move to

Miami, Phoenix, Sacramento, Las Vegas and Tampa were the top migratory destinations of any major US metropolitan area in October, meaning they had the largest net inflows. Net inflow is a measure of how many more Redfin.com house hunters wanted to move onto a subway train than they left it.

While the Sunbelt cities remain popular, four of the ten most popular subways planned to move in October – Sacramento, Las Vegas, Dallas and Atlanta – saw fewer people wanting to move in than a year earlier. Sacramento, for example, saw a net inflow of 4,904 Redfin.com users, versus a net inflow of 6,369 in October 2020.

San Francisco, The angel and New York are the top homebuyers looking to get off the Metro

San Francisco, The angel, new York, Washington, DC and Seattle saw more Redfin.com users in October than any other major metropolitan area trying to leave the country, meaning they had the largest net outflows. Net runoff is a measure of how many more Redfin.com house hunters wanted to get off a subway than they move in.

Dense, expensive cities often see the greatest outflows of residents – a trend that accelerated during the pandemic as more Americans moved to more affordable places thanks to remote working.

To view the full report, including charts and methodology, visit
https://www.redfin.com/news/october-2021-housing-migration-trends/

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