Search

Americans are fleeing the most expensive US cities—and moving to these 10 more affordable places - CNBC

Many Americans are looking to leave expensive coastal cities, including San Francisco, Los Angeles and New York.

That's according to Redfin.com's housing migration report for Q4 of 2019, which analyzed data from more than a million Redfin users who searched for homes in 87 metro areas across the US between October and December 2019.

The data showed that Redfin users in pricey metros, such as San Francisco and San Diego, are searching for homes in more affordable areas that still offer the amenities of a major city, such as Austin and Phoenix. That's not surprising: California is one of the most expensive states in the US, and residents have voiced concerns time and time again about the skyrocketing costs of housing.

One place that recently gained popularity is Portland, Oregon. "Portland has one of the most affordable median home prices among major West Coast cities, which makes it an attractive location for inbound residents from other more expensive cities," according to the report.

The city also allows for career flexibility. "The ability to work remotely is a huge factor in people relocating, especially within the same time zone," Portland Redfin agent Megan Warren said in the report.

Here's a look at the top 10 cities Americans are moving into, according to Redfin's report:

10. Nashville, Tennessee

  • Net inflow for Q4 2019: 2,864
  • Median home price: $329,000
  • Top city of origin: New York, NY

Nashville, Tennessee

Donald Miralle

9. Boston, Massachusetts

  • Net inflow for Q4 2019: 2,874
  • Median home price: $769,000
  • Top city of origin: New York, NY

8. Tampa, Florida

  • Net inflow for Q4 2019: 2,904
  • Median home price: $310,000
  • Top city of origin: Orlando, FL

7. Portland, Oregon

  • Net inflow for Q4 2019: 3,402
  • Median home price: $449,900
  • Top city of origin: San Francisco, CA

A young couple pushing their bikes across a bridge near downtown Portland, Oregon.

Jordan Siemens | Getty Images

6. Dallas, Texas

  • Net inflow for Q4 2019: 3,420
  • Median home price: $375,000
  • Top city of origin: Los Angeles, CA

5. Austin, Texas

  • Net inflow for Q4 2019: 4,038
  • Median home price: $400,000
  • Top city of origin: San Francisco, CA

4. Atlanta, Georgia

  • Net inflow for Q4 2019: 5,377
  • Median home price: $315,000
  • Top city of origin: New York, NY

Atlanta, Georgia

Steve Kelley | Getty Images

3. Las Vegas, Nevada

  • Net inflow for Q4 2019: 5,660
  • Median home price: $299,900
  • Top city of origin: Los Angeles, CA

2. Sacramento, California

  • Net inflow for Q4 2019: 5,675
  • Median home price: $335,500
  • Top city of origin: San Francisco, CA

1. Phoenix, Arizona

Let's block ads! (Why?)



"expensive" - Google News
February 20, 2020 at 11:38PM
https://ift.tt/38M6g6z

Americans are fleeing the most expensive US cities—and moving to these 10 more affordable places - CNBC
"expensive" - Google News
https://ift.tt/2GwwnlN
Shoes Man Tutorial
Pos News Update
Meme Update
Korean Entertainment News
Japan News Update

Bagikan Berita Ini

Related Posts :

0 Response to "Americans are fleeing the most expensive US cities—and moving to these 10 more affordable places - CNBC"

Post a Comment


Powered by Blogger.