Californian cities are not attractive to everyone. Numerous places in the Golden State were among the top 14 major cities from which (adjusted for population size) more people moved away than moved in.

Business Insider examined negative net domestic migration estimates for U.S. metropolitan areas for the period July 1, 2022, through June 30, 2023. Negative net domestic migration means that more people left those metropolitan areas for another U.S. location than people moved there from the U.S. We adjusted these estimates based on each metropolitan area's population as of July 1, 2022, to get migration rates per 1,000 residents.

Before adjusting for population size, the negative net internal migration effect was most pronounced in the New York City metropolitan area, with a value of -238,494. Next was Los Angeles-Long Beach-Anaheim, California, with a value of -154,634, and then Chicago-Naperville-Elgin, Illinois-Indiana, with a value of -71,310.

Los Angeles continued to be notable in adapting the subway Areas by population size. Six of the 14 metropolitan areas with the highest negative net internal migration rates per 1,000 residents were Californian metropolitan areas. These include San Jose-Sunnyvale-Santa Clara and San Francisco-Oakland-Fremont – as well as Los Angeles-Long Beach-Anaheim.

New Orleans-Metairie, Louisiana, stood out However, the most negative net internal migration rate per 1,000 inhabitants is among the major cities, which stands at -17.5.

Below are the cities from which people most often flee, based on the net domestic migration rate per 1,000 people.

The post High Cities People Are Fleeing, Together with San Francisco and LA appeared first on DAILY SAN FRANCISCO BAY NEWS.

• An estimate of Americans living in New Zealand has more than doubled since 2022, from 1,479 to 4,264.
• Four former Californians relocated to New Zealand for safety and a calm atmosphere.
• “In LA there was a lot of tension. Here it just felt like it was a more relaxed attitude,” one said.

Garvey Daniels first moved to Auckland, New Zealand, in 1996 for a job at a newly opened casino.

“I fell madly in love with the country and started the immigration process within two days,” Daniels, 55, told Insider.

He moved back to his home base of Irvine, California, in 2003 but always hoped to return to New Zealand. In June 2022, he got his chance. 

Daniels — now joined by his wife and two children, 14 and 13 — put almost everything his family owned in California into a storage unit. They brought two suitcases each to Auckland, New Zealand, for a one-year trial run. A year later, they’ve decided to stay for longer.

“It’s a magical country,” Daniels said. “There’s something about it. When I landed, I just felt this calm, like, ‘I’m home.'”

A photo taken from Daniels’ front porch. Garvey Daniels

Daniels and his family are a few of the growing number of Americans trading life in the US for life down under. Provisional migrant arrivals from the US to New Zealand jumped from 1,479 in 2022 to 4,264 in 2023, according to a dataset provided by Stats NZ, New Zealand’s official data agency.

Overall, New Zealand’s population has increased steadily for decades and has an estimated population of 5.2 million as of March 2023, according to Stats NZ. The island country to the east of Australia has a surface area similar to Colorado, but fewer people than Colorado’s 5.8 million.

Others following the same path as Daniels have found safety, friendliness, and natural beauty in New Zealand. Four Americans who moved to New Zealand told Insider their reasons for departing the US.

New Zealand’s beauty made him want to come back, but the safety made him stay

New Zealand had been in the back of Daniels’ mind since leaving in 2003, but it took some convincing to get his family on board.

“I knew I wanted to come back, but my wife and my kids had never stepped foot in New Zealand — they knew nothing about it except my stories,” Daniels said. “It was a little bit more of a challenge for them to say yes, but they love the idea of the adventure and trying something new.”

Daniels enjoying a nearby beach with his family. Garvey Daniels

Daniels and his family decided to stay at least until his kids finish high school. The initial reason for returning to New Zealand was simply Daniels’ admiration for the country, but since he’s now there with his family, he’s discovered other reasons to love New Zealand, like its safety.

“My kids just get to go and have an education,” he said. “They can walk to the dairy with their friends and if they decide they want to  go eat ice cream on the beach and they’re not home right away, I don’t go into a mad panic.”

“It doesn’t seem to be as fraught with the kind of anxiety that you have back in, for us, California,” Daniels said.

A Los Angeles resident visited for 20 years before making his move more permanent 

Jon Kroll lived in Los Angeles for 35 years and visited New Zealand on and off for 20 years as a break from the congestion of Los Angeles. He didn’t make the move full-time until December 2022, when he came with his partner. 

“We just liked the vibe, we liked the people, we liked the environment, and we felt like we could breathe here,” Kroll told Insider. “In LA there was a lot of tension. There’s traffic and everyone’s always working. Here it just felt like it was a more relaxed attitude.”

Kroll visited New Zealand for vacations for 20 years. WellingtonNZ

Kroll, who’s in his 60s, moved to Wellington — the capital of New Zealand at the southern end of the North Island, nearly 400 miles from Auckland — into a 2,200-square-foot, three-bedroom home. He downsized from his four-bedroom home in Los Angeles.

Kroll owns his home. The average cost of a home in Wellington was 1.02 million New Zealand dollars in July, or $607,338, according to CoreLogic NZ. 

New Zealand is often regarded for its scenic landscapes, and Kroll takes full advantage of that.

“You can go 10 minutes in any direction and there’s an amazing hike to go on with my dogs,” he said. “There’s so much natural beauty everywhere.”

Kroll also pointed out that the charm expands beyond the landscape, to the Kiwis — or locals.

“Just last week I bought a bookcase and was trying to load it into my car and this stranger said, ‘Do you need a hand?,'” Kroll said. “He helped me load this bookcase in, and I’ve never had anything like that happen before. It was just such a cool thing.”

He added, “And that’s just normal. I think it’s an overwhelming feeling that people help each other here, and I think that’s really nice.”

The slower pace in rural New Zealand helped this tech worker enjoy more time with family

Heather Gadonniex left the San Francisco Bay Area and went on what was supposed to be a quick vacation to New Zealand in March 2020. Accompanied by her husband, who is originally from New Zealand, and 1-year-old son, they ended up hunkering down with family for the duration of the pandemic-related lockdowns. 

“We had a suitcase full of clothes and a suitcase full of wine. We trade wine back and forth, being from Northern California,” Gadonniex told Insider. “Six months turned into eight months, and we were still there.”

Gadonniex, 42, settled in Matakana, New Zealand, a small town about 42 miles outside of Auckland, and lives in an intergenerational home with her husband, now two children, and her father-in-law.

Gadonniex moved to Matakana, New Zealand during the start of the pandemic in 2020. Heather Gadonniex

Matakana is more rural than Oakland, where she lived before moving, and while Gadonniex does miss the innovation and hustle and bustle in the Bay Area, she’s enjoyed the change of pace.

“We live a very different existence,” she said. “It’s really an idyllic place. We’re five minutes from the beaches, it’s really safe, my kids go to a school down the road that’s surrounded by cows.”

Gadonniex is an executive at a venture-capital firm in Auckland and still enjoys the fast pace of the tech industry, but now enjoys the balance between work and time with family that New Zealand has allowed her to practice.

“The ability to have more balance is something that I don’t think I realized how much I needed, but now that I have it, I think I’d be pretty hard pressed to give that up,” she said. “I just don’t know how I would’ve done that in San Francisco.”

Wellington, New Zealand, provides the small-town feel his family was looking for

Native Wyomingite Ryan Rogers departed for New Zealand more than a decade ago for work. 

Rogers, 43, mulled over cities like London, San Francisco, and Vancouver, but ended up picking the furthest option.

“At the time I didn’t honestly know a great deal about New Zealand, but it just seemed to me like it was this interesting place that was different from all the others,” Rogers told Insider. 

Rogers worked in the film industry — specifically special effects — and explained that New Zealand was an attractive market in that space at the time.

Rogers moved to New Zealand more than a decade ago. WellingtonNZ

Rogers has grown to love the small-town feel that Wellington, which had a population of 202,737 in 2018, the most recent Census estimate, is able to offer.

“I do miss some of the nightlife in Los Angeles — nightlife in Los Angeles is just off the charts, so it’s hard to compare to that — but my favorite thing here by far is that it’s a great place to raise a family.”

Rogers has two children, one that was born in the US and the other that was born in New Zealand. Raising his family in Wellington has been a great experience for him because the community is tightly knit, and he knows everybody.

“I know all of my neighbors, and it feels like how things were in the ’80s when I was growing up in a small town in Wyoming,” he said. “It just has that small-town vibe yet it is a big city.”

NOW WATCH: Popular Videos from Insider Inc.

Loading…

The post People Are Shifting to New Zealand for Nature and a Small-City Really feel appeared first on DAILY SAN FRANCISCO BAY NEWS.

• Rising housing costs have helped push Americans into parts of the country more vulnerable to climate change. 
• US counties that have the most at-risk homes are all growing in population.
• The trend shows how the burden of climate change is falling disproportionately on less affluent people.

The skyrocketing cost of housing has pushed many Americans to trade their lives in big coastal cities like New York and San Francisco for more affordable ones in Sunbelt cities and Southern suburbs. 

But that move could cost more in the long-run. 

These more affordable regions of the country are also facing much more severe impacts of climate change, including extreme heat, wildfires, floods, and droughts. People are pouring into flood-prone Florida, moving into Houston not long after Hurricane Harvey devastated the city in 2017, and relocating to parts of the West and Southwest dealing with the worst droughts and wildfires in the country. 

Rather than leaving areas at high risk of natural disasters and other climate issues, more Americans are moving into them. US counties that have the most at-risk homes are all growing in population, while those with the fewest at-risk homes are almost all losing residents, according to a 2021 Redfin analysis.

The pandemic exacerbated this trend. There’s been a recent spike in people moving from more expensive cities to lower-cost, smaller places farther from large metros and closer to natural amenities, in part due to the rise in remote work. These locations – like Bend, Oregon, which is vulnerable to wildfires — tend to be more at risk of natural disasters. The number of loan applications for homes in high-risk areas rose from 90,462 in February 2020 to 187,669 in February 2022, Freddie Mac reported.

In the longer-term, this trend will put many more Americans at risk of losing their homes to wildfires and floods, or being hurt or killed by extreme heat, or suffering from a lack of water. Rich people are already better able to protect themselves from natural disasters and other climate impacts, whether by fleeing, hiring private firefighters, or retrofitting their homes. But if lower-risk cities continue to price people out, the burden of climate change will fall even more disproportionately on less affluent communities. 

Experts say there are ways that local, state, and federal governments can help to reverse this dangerous trend. 

A recent Brookings Institution report recommended several ways that policymakers can encourage Americans to seek climate safety. First, the researchers say that Congress and the the Federal Housing Finance Agency should work with mortgage lenders and property insurers to factor climate risk into their rates, charging homeowners more based on how much risk they’re taking on.

Often, homebuyers don’t know what kinds of climate risks their property faces, so state and local governments should develop rules about what information needs to be disclosed to a potential homebuyer and then impose higher taxes on riskier property. 

“Higher fees in risky areas serve two purposes: they encourage price-sensitive households to choose safer locations, and they also provide local governments with more revenue to upgrade the climate resilience of infrastructure,” Jenny Schuetz and Julia Gill of Brookings write.

Zoning and other land-use regulations, they argue, should be reformed to encourage more dense development in safer places and less sprawl into particularly climate-impacted areas. 

Homeowners and landlords in riskier places also need to do more to retrofit homes to make them more fire and wind proof and more energy efficient. The researchers recommend that local policymakers think more carefully about where to invest infrastructure — including roads, schools, and water and sewage capacity — in climate-impacted areas to either discourage or encourage people to move to certain areas. 

NOW WATCH: Popular Videos from Insider Inc.

Loading…

The post Individuals Fleeing Costly Cities, Shifting Into Wildfires and Droughts appeared first on DAILY SAN FRANCISCO BAY NEWS.

People move for lots of reasons. They get a new job in a new city. They relocate to be closer to family. They decide to sell all their worldly possessions and retreat to a monastery deep in the cliffs of Bhutan (#monkmode). But when thousands of people leave a city several years in a row, it’s a sign that something’s wrong in that city. 

These American cities experienced mass exodus in 2022 and the early months of 2023. Are these buy-low opportunities in once-popular American cities, or are trends set to continue? You decide. 

1 – Houston, Texas

Image Credit: Shutterstock.

Amidst a mass migration to Texas following the pandemic lockdowns, Houston appears to be an exception. After seeing substantial population loss in 2022, the trend continues with 8,369 Houstonians calling it quits on their city in the first five months of 2023.

Houston has never been the most charming city in Texas, as it’s the largest urban metroplex in the U.S. and has the traffic and industrial vibes to show for it. Uncertainty around the oil and gas industries (a major reason why many move to Houston), inflated rents and home prices, and common big-city headaches (political corruption, crime, and general chaos) apparently now outweigh Houston’s bright spots.

2 – Chicago, Illinois

Image Credit: beboy / Shutterstock.com.

For some fans of shock value, Chicago’s descent into apparent lawlessness was thrilling to watch from afar. Like Grand Theft Auto in real life, the videos of jewelry store heists in broad daylight and drill rappers claiming turf on Instagram felt like venturing into a life of adventure from a safe distance.

Now, though, the situation is undeniably sad. Children losing their lives for nothing, a downtown that no longer feels insulated by the most fundamental societal codes (don’t target the tourists, for example), and an apparent lack of solutions leaves one of America’s great cities at a depressing crossroads. 

The unruly situation leaves many taking the roads out of Chicago, with 7,843 residents departing in the first five months of 2023.

3 – Los Angeles, California

Image Credit: alarico / Shutterstock.

Someone tell Randy Newman we’re going to need a rewrite. The 2023 remake of “I Love L.A.” is titled “I Leave L.A., and I’m Not the Only One.” 

The homelessness problem in Los Angeles is not exaggerated. The taxes in Los Angeles are not falling. The sun in L.A. is still there, but so is the smog (and apparently Mondo rain storms, too?). With the cost of living rising nationwide, many simply cannot afford Los Angeles anymore. The city has seen a net population loss of more than 7,600 between January and May 2023.

4 – New York, New York

Image Credit: Shutterstock.

Tony Bennett hit it on the head in his timeless jam “New York, New York.” Start spreading the news, I’m leaving (New York City) todaaaay. 

In fact, many people have realized that New York has lost much of its charm (the 80s feels like a century ago, doesn’t it?), transforming from a bustling playground that never sleeps into a concrete asylum with cameras on every corner, and someone sleeping on the sidewalk beneath every one of those cameras. You have to reconsider your decisions when it costs an arm, a leg, and your firstborn child to rent a windowless apartment you share with several invertebrate roommates.

The Big Apple lost nearly 7,600 people between January and May 2023.

5 – Austin, Texas

Image Credit: Wiki Commons, Michael Barera.

Few cities proved as magnetic as Austin during the post-pandemic diaspora. However, to the horror of many who thought they were moving to Austin to embrace the freedom-first ethos and low cost of living that Texas promises, they found that they relocated to another crowded city.

Limited home inventory, a chaotic downtown, and the ills of a city experiencing rapid population growth have led many to turn their U-Hauls back around. More than 7,100 residents have left Austin in 2023 (when accounting for incoming residents).

6 – Miami, Florida

Image Credit: Shutterstock.

Miami’s spot on this list proves that every action has a reaction, even if it’s not an equal and opposite one. Few cities attracted more new residents between 2020 and 2023 than Miami, but the trend might be turning around. Miami saw a reported net population loss of 5,792 in the first five months of 2023. 

Bienvenidos a Miami? More like hasta la vista, Miami.

7 – Dallas, Texas

Image Credit: 4kclips / Shutterstock.com.

Why did Dallas have a net population loss of 5,629 to start 2023? Many can’t afford housing, while experts also cite brutal traffic and even more brutal heat as reasons people are relocating away from Dallas.

8 – Jackson, Mississippi

Image Credit: Shutterstock.

Jackson, MS, has had a brutal past few years, with a water crisis giving it the dubious distinction of being mentioned in the same sentence as Flint, Michigan. The fissures run deep in Jackson, with crumbling infrastructure, pervasive crime, limited job prospects, and woeful leadership explaining why it is one of the fastest-shrinking cities in America.

9 – San Francisco, California

Image Credit: Shutterstock.

San Francisco, one of America’s truly iconic cities, may not be a Full House for much longer. The city’s population shrank by 7% between 2020 and 2022, and every passing day brings a new wave of social media posts lamenting the ever-present danger that simmers throughout the city by the Bay.

If you’re not stepping in human feces, you’re being accosted for money or playing hopscotch over paraphernalia. A sense of lawlessness has driven many loyal San Franciscans away from the Bay.

10 – New Orleans, Louisiana

Image Credit: GTS Productions.

Americans have always been able to tolerate the annoyances and risks of living in a city, justifying these hazards by citing the abundance of world-class restaurants, a plethora of night spots, a populous dating pool, and ample professional opportunities. 

But gumbo, Mardi Gras, and Jazz Fest only go so far when you’re living in the homicide capital of the United States. New Orleans is losing population faster than Emeril Lagasse can scream, “BAM!“.  

11 – St. Louis, Missouri

Image Credit: f11photo/Shutterstock.

The decline of American manufacturing has set St. Louis on a decades-long downward trajectory, but it now feels like the once-great city might be in its death throes. East St. Louis regularly ranks among the most dangerous cities in the U.S., and nobody can claim that St. Louis is a first-tier (or even second-tier) American metropolis.

People have been leaving for quite some time, and it may not be a coincidence that “Missouri” sounds a lot like “misery.”

12 – Boston, Massachussetts

Photo Credit: Shutterstock.

Though the rate of population loss in Boston has slowed of late, Beantown was losing residents with the worst of them during the pandemic years. A notoriously costly city constantly populated by college students and transplants, there were plenty of reasons to call Boston their former home. 

The city lost about 3% of its population in a recent span.

13 – Cleveland, Ohio

Image Credit: StonePhotos / Shutterstock.com.

While some other cities have lost higher percentages of their populations than Cleveland in recent years, few cities have shown a more long-term commitment to exporting its population than Cleveland. 

It’s freezing in the winter. It’s a former manufacturing city in a country that’s outsourced most of its manufacturing. It’s Cleveland, and its population is shrinking year over year.

14 – Baltimore, Maryland

Image Credit: Shutterstock.

Baltimore’s problems are so deep-rooted that, despite 18 of 24 counties in Maryland experiencing population growth in 2022, Baltimore’s continued to decline, maintaining an enduring trend in the wrong direction. Systemic corruption (watch The Wire for more info) and a spotty employment landscape are among the leading reasons for Charm City’s slide into increasing irrelevance.

The post Individuals Are Transferring Out of These Large Cities in Suprising Numbers appeared first on DAILY SAN FRANCISCO BAY NEWS.

Americans have widened their house hunt, moving further and further from their original homes.

The median distance that buyers traveled to their new home was 50 miles in 2022, according to data published by the National Association of Realtors (NAR). That’s more than triple the median distance moved in the last 30 years, which ranged from 10 to 15 miles.

“People moved to favorable weather, taxes, more space, affordability, [and a] good job market,” Jessica Lautz, NAR deputy chief economist, said during a real estate summit. “We actually saw that people moved a much longer distance than we have seen historically.”

And for younger baby boomers who are leading the charge on these longer-distance moves, the reason is much more personal.

“Grandbabies,” Lautz said. “They’re chasing that grandbaby multiple states away, just to be down the street.”

‘Stretch their housing dollars further’

Movers are searching for homes in different parts of the country as they seek out new cities to call home.

In a separate report from Realtor.com, 60.3% of house shoppers searched for listings outside of their metro areas in the second quarter of this year. That’s up 0.7% versus last quarter and 4.1% higher year over year.

“Housing affordability isn’t likely to improve anytime soon,” Jiayi Xu, an economist at Realtor.com, said in a press release. “So, it’s not surprising to see that Americans are on the move and increasingly searching for homes in more affordable areas of the country where they can stretch their housing dollars further.”

In fact, the NAR report found that one-quarter of buyers traveled over 470 miles to find their new home.

Where people live also was a predictor of where they wanted to go next.

For instance, Chicago was the top out-of-state home search destination for residents of San Francisco, due to relatively affordable homes and similar tech industry infrastructure, according to Realtor.com. Dallas was the most popular out-of-state search for Chicago residents because of similar job opportunities in tech and warmer weather. And New Yorker City’s metro pair was Miami, for affordability.

Story continues

“Remote work does not tie a worker to a given location,” NAR chief economist Lawrence Yun told Yahoo Finance by email. “And hence, the increased trend of remote work flexibility will permit for a longer-distance move.”

Baby boomers ‘can move far and very far away’

Reasons that boomers are active in changing residence include adding spaces, buying a forever home, getting a home with smart features, and chasing grandchildren.

One generation is trekking even longer distances than others. Young boomers, defined as those born between 1955 and 1964, recorded the longest median distance move among generations — at 90 miles — in 2022. For comparison, the median move was 60 miles for older boomers, 30 miles for Gen X, 15 miles for millennials, and 20 miles for Gen Z.

“There are a large number of baby boomers and they are retiring,” Yun told Yahoo Finance. “They can move far and very far away.”

Baby boomers also were the largest homebuying group in the market, making up 39% of all transactions between July 2021 and June 2022, according to NAR’s data. Millennial buyers made up 28%, followed by Gen X at 24%, with Gen Z and the Silent Generation at around 4%.

Reasons that boomers are active in changing residence include adding spaces, buying a forever home, and getting a home with smart features, according to NAR.

“They are buying a house they want to live in for a long time. They also have the money,” Lautz said.

As for grandchildren? “That certainly is a factor,” she added.

Rebecca Chen is a reporter for Yahoo Finance and previously worked as an investment tax certified public accountant (CPA).

Click here for the latest economic news and economic indicators to help you in your investing decisions

Read the latest financial and business news from Yahoo Finance

The post Individuals are shifting additional away for inexpensive houses and ‘grandbabies’ appeared first on DAILY SAN FRANCISCO BAY NEWS.

Climate change does not appear to be affecting homebuyers’ decisions about where to buy homes Redfinas almost 400,000 more people moved to the most flood-prone counties than out of them in 2021 and 2022 – a 103% increase compared to 189,000 people moved to those areas in the previous two years.

The trend to move to disaster-prone areas has produced similar results in areas known to be prone to wildfires and extreme heat.

So why do people choose to move to these places? According to Redfin, the crisis in housing affordability, exacerbated by the pandemic-era home buying boom, led Americans to these disaster-prone areas.

According to a Redfin analysis of domestic migration data used US Census Bureau Data and climate risk values ​​from the First Street Foundation found that in counties with the highest risk of wildfires, 446,000 more people moved in than moved out in the last two years, a 51% increase from 2019 and 2020. And in counties with the highest risk of wildfire, 629,000 more people moved in than out, a 17% increase.

Redfin continued, saying remote working and record-low mortgage rates during the pandemic have prompted scores of Americans to leave expensive coastal cities like San Francisco and New York for the Sun Belt in search of cheaper housing, warm weather and/or lower taxes. States like Florida, Texas and Arizona have exploded in popularity despite rising risks from climate change from storms, droughts, wildfires and extreme heat.

“It’s human nature to focus on current benefits, such as water views or a low cost of living, rather than costs that could increase over the long term, such as property damage or a decline in property values,” said Redfin chief economist Daryl Fairweather. “It is also human nature to ignore risks that are difficult to measure, such as climate change.”

Disaster-prone areas are relatively affordable because homebuyers and renters have more choices of homes; Property developers and private individuals are increasingly building apartments in these areas due to the cheaper plots; According to a separate Redfin analysis, more than half (55%) of homes built so far this decade are at risk of fire, while 45% are at risk of drought. In comparison, only 14% of homes built between 1900 and 1959 are at risk of fire and 37% are at risk of drought. New homes are also at greater risk than older homes of being exposed to heat and flood risks.

“Many Americans are not yet fully aware of the consequences of climate change because homeowners and renters often don’t foot the entire bill when a disaster occurs,” Fairweather said. “Insurers and government programs often subsidize the costs of reconstruction after storms, and mortgages mean that homeowners assign a certain risk to the lenders – especially if their house is forced to compensate for a storm.” But since natural disasters intensify and insurers from disaster -endowed areas such as Florida and California may feel a greater feeling to alleviate the climate drives – especially if the value of your house threatens to decrease. ”

In addition, according to a recent Redfin survey, Redfin believes that nearly half (48.7%) of people who have moved in the last year believe that the increasing frequency or intensity of natural disasters, extreme temperatures and/or sea level rise are likely to impact home values ​​in their area over the next decade. Still, only about 5% of people who moved in the last year or plan to move in the next year cited climate change as the reason for their move.

Looking at one flood- and storm-prone state in particular — Florida — nearly 60,000 more people have moved to Lee County, Florida than have moved away in the last two years, after the country was devastated by Hurricane Ian last September. That’s the largest net inflow of the 306 high-flood-risk counties analyzed by Redfin, and represents an increase of about 65% from the previous two years.

Despite extensive data being available to the public, home builders continue to build and home buyers continue to buy. Greater Cape Coral has more than offset the storm-induced slump in new listings, and home sales have also picked up, according to a separate analysis by Redfin.

“The builders in Cape Coral haven’t stopped — they’re just building like nothing happened,” said local real estate agent Redfin Premier Isabel Arias-Squires. “This is mainly because the demand for new houses is high. Many people who moved to Florida from the Northeast or West during the pandemic are leaving, but are being quickly replaced by new people from other states. Some people definitely just want to be on the water and/or move here for family, weather or political reasons. The Cape is not slowing down.”

However, recent news could halt some of that growth as a number of home and mortgage insurers pull out of areas deemed unprofitable due to climate change. People are still moving to Florida, but they are leaving Louisiana, which has the highest concentration of high-risk homes.

Almost every home in Orleans Parish and Jefferson Parish — the areas including and surrounding New Orleans — is at high risk of flooding. In both countries, about 15,000 more people emigrated than in the last two years, adding to the emigrations of the previous two years.

“The rise in home insurance rates across Louisiana means people have less money to spend to buy a home, reducing their spending power,” local real estate agent Redfin Premier said jes menes. “Increased insurance costs are also prompting some landlords to raise rents, making housing more expensive for renters.”

The same trends can be seen in fire-prone areas in California, Utah, and Arizona; Nearly 40,000 more people have moved to Riverside County, California than have left in the past two years.

Fairweather has its own history of climate migration. She left Seattle in 2020 to escape smoke from the wildfires and moved to Wisconsin. It was smoke-free for the first few years she was there, but this June it was hit with four days of noxious smoke from wildfires in Canada.

“There’s no place to hide,” Fairweather said. “Every place on planet Earth will have to deal with the effects of climate change. While the Midwest is spared from sea level rise, it still faces the threat of storms, heat waves and drought.”

Click here to view the entire report.

The post Individuals Are Nonetheless Transferring to Dangerous, Catastrophe-Susceptible Areas – DSNews appeared first on DAILY SAN FRANCISCO BAY NEWS.

• San Francisco, New York and Los Angeles are the top cities Americans want to leave, according to Redfin.
• Other cities in the top ten include Washington, DC, Chicago, Boston, Seattle and Denver.
• Working remotely means homebuyers are looking to cheaper cities.

San Francisco, New York and Los Angeles top the list of areas Americans plan to leave, according to a new report from Redfin.

The real estate company’s list of the top ten metropolitan areas people are looking to relocate from includes the country’s largest cities, suggesting many are looking to leave the hubbub behind — and high taxes and the cost of living — because of shifts in the flexibility to work through the pandemic.

“Expensive job centers on the coast are usually high on the list of places people leave,” Redfin wrote in the report. “This trend has accelerated in recent years as remote working has allowed homebuyers to relocate to more affordable areas.”

According to Redfin, the top ten metro areas Americans want to relocate from are:

1. San Francisco, California
2. New York City, New York
3. Los Angeles, California
4. Washington, D.C
5. Chicago, Illinois
6. Boston, Mass
7. Seattle, Washington
8. Denver, Colo
9. Hartford, Connecticut
10. Portland, Oregon

The three largest cities in the US are all on the list. New York City, which ranks second on Redfin’s list, is the most populous US city with a population of around 8.5 million as of July 2021, according to US Census Bureau estimates. The country’s second-largest cities are Los Angeles, with an estimated population of 3.8 million, and Chicago, with 2.7 million, according to US Census Bureau data.

Aside from Hartford, all cities on Redfin’s list of metro areas residents would most like to leave are included on the US Census Bureau’s list of the 30 Most Populous Cities as of July 2021.

Redfin based its findings on how many more users in those areas viewed listings for properties in another area between December and February than the number of people planning to move to that area. The data excludes rental offers and only includes people who want to buy houses.

Census data shows that although California’s population continues to increase each decade, the rate of growth has declined drastically, and more recent estimates suggest it has been declining since the pandemic began. Meanwhile, the population of New York City has been steadily declining since 2016.

Redfin’s data shows that Sacramento was the most popular choice for people in San Francisco looking at deals outside of the metro area, while Seattle was the most viewed city among people wanting to leave California entirely. For people contemplating leaving New York City, Miami was the most popular city, while for Los Angeles it was Las Vegas.

Overall, according to Redfin’s report, Miami is the metro area where most homebuyers want to move, followed by Phoenix and Las Vegas. Five cities in Florida and two in Texas make up the top ten. The list of cities Americans plan to leave is more diverse, with nine states.

WATCH NOW: Insider Inc.’s Popular Videos

Loading…

The post San Francisco, New York, LA High Checklist of Cities Individuals Are Leaving appeared first on DAILY SAN FRANCISCO BAY NEWS.

While the pandemic and working from home spurred an exodus from major city centers, very few Americans chose to move in 2022, and probably for good reason: moving isn’t fun.

The big picture: Around According to recent data from Home Bay, a website that provides real estate research, 75% of people who moved have regrets and 44% of people said they cried at least once during the move.

Despite her regrets People approached the move with mostly positive emotions, with 65% saying they were excited, hopeful or relieved.

• Still, about 59% of people said they felt stressed, anxious, frustrated, or dreading their move.
• Of 1,000 people surveyed about their moving experience last year, 20% wish they had never moved and another 20% wish they had opted for a larger home.

What’s up: After a chaotic boom in the housing market during the pandemic, the market is becoming more buyer-friendly. Mortgage rates are still hovering around 6%, cooling the market.

• When people move, affordability is really the draw. Cheaper areas in the sun belt have experienced an influx, reports Sami Sparber from Axios.
• 25% of people moved from cities to suburbs and 31% of rural people moved to suburbs.
• Still, 40% of people said they would rather live in a city if money weren’t an issue.
• Given the cost of long-distance moves, most people – 61% – moved within 20 miles of their previous home.
• California, on the other hand, was the state from which people moved most frequently. But More than a quarter of respondents said California is their dream state to live in, particularly in the Los Angeles area if money is not an issue.

The post Most People have regrets about transferring appeared first on DAILY SAN FRANCISCO BAY NEWS.

• With mortgage rates and home prices higher than they were last year, it’s even harder to buy a home.
• With those challenges, Americans fantasize about moving to places with lower costs of living.
• Redfin found that eight cities online house hunters clicked on most had relatively affordable homes.

Finding a home anywhere may feel daunting for the typical American family.

And in popular cities in the Sun Belt — the 18 states that make up the Southern US, from California in the West to Florida in the East — it could feel even more impossible. In places like Austin, Texas, and Miami, pandemic-era demand drove prices up over 30% last year.

Many of these Southern cities’ new residents moved from big, expensive metropolises like New York and San Francisco during the work-from-home revolution. They opted for less expensive places where they could live in close proximity to nature.

Now, as home prices continue to rise and mortgage rates hold steady at over 5%, Americans are still hunting for new places to live.

Redfin analyzed website visitors’ behavior in perusing property listings to figure out where they’re considering moving to. Using search data, the brokerage compiled a list of the 20 places that had the most “net inflow,” or how many more Redfin users looked to move into an area than leave it.

Twelve out of the 20 places Redfin where saw user search interest — from Phoenix to Nashville, Tennessee — had home prices above the country’s median price of $424,400. Eight places, however, had homes prices below that threshold.

“Now that homes everywhere have become more expensive, buyers searching for deals should expand their horizons,” Redfin’s chief economist, Daryl Fairweather, said in the report. “The good news is that even with surging prices and mortgage rates, there are plenty of relatively affordable options.”

While these places have more attainable price tags than cities like Austin and Miami, they share many of the same characteristics. All eight are in the South, and most are known, at least in part, for their proximity to hiking trails, beaches, or farmland.

These features could explain why these places are so popular.

Insider’s personal-finance desk suggests keeping monthly housing expenses under 30% of total income, and the typical cost of a home in each place ranges from $315,000 to $418,000.

Given that the 30-year average mortgage rate is hovering at around 5% and that down payments often range between 5 and 10% of a home’s purchase price, almost all the mortgages on houses in this range is about what the typical American household — which earns about $69,000 a year — can afford.

Here are the eight cities, listed in order of affordability.

The post 8 Cities Most Individuals Dream of Shifting to That Are Additionally Inexpensive appeared first on DAILY SAN FRANCISCO BAY NEWS.