Climate and change? A study shows that warm weather, and the cost of living are driving Americans to move
PHOENIX, AZ – Looks like people got caught in heavy rain Appreciate the dry climate.
A recent Redfin study tracked more than 2 million people looking for new homes between April 2023 and June 2023. Those who searched more than 10 homes, including one outside their home city, were considered homebuyers who could move. The cities they searched were counted proportionally to the number of times they searched.
On the list of most popular cities for newcomers (the number of people looking to come minus the number of people looking to leave), Phoenix has shown wide popularity, ranking second only to Las Vegas as the most expensive West and East Coast cities people search for. for homes.
All of the top ten cities are located in places with warm climates.
More homebuyers are leaving San Francisco, New York and Los Angeles than any other metro area in the United States, Redfin reports.
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What are the housing prices in the largest cities of Arizona, California, Texas and Illinois?
Despite the huge jump in home prices over the past decade, metro Phoenix is still a bargain for major metro areas in the United States. The median home price in the Seattle area was $793,000 at the end of the second quarter of this year, according to the National Association of Realtors. Metro Phoenix second quarter The median was $464,000.
The median home price in San Jose is four times that of Phoenix at $1.8 million. The typical home in San Francisco is $1.335 million. The San Diego average is $1.06 million, and the Los Angeles average is $789,000.
The median home price in Dallas is $389,000 and $348,000 in Houston. In Chicago, the median price is $363,000. So jobs, weather, or lifestyle are likely to draw these residents and homebuyers to Arizona.
The most popular city among relocating homebuyers nationwide
Florida’s population boom in recent years has made it the fastest growing state for the first time since 1957. According to the US Census. On the Redfin list, Orlando is ranked fourth, behind Tampa. Northport Sarasota, Cape Coral and Miami also rounded out the top ten.
Top exporter of new residents to the Phoenix area
According to the real estate brokerage, nearly half of the 5,300 Redfin researchers who checked Phoenix-area homes during June and July were from Seattle, but Washington state generally doesn’t top the moving list, according to the Maricopa Association of Governments.
About 2% of homebuyers with Redfin have looked to move to the Phoenix metro area from other U.S. metro areas, according to the latest survey. Of the home searches done by people living in the Phoenix area, 29% involved potential homebuyers who wanted to move away. Dallas, Nashville and Miami were the top cities for people looking to leave the Valley of the Sun in Arizona.
California is the top state for new residents moving to the Phoenix area, according to the Maricopa Association of Governments. Texas is No. 2, Illinois is No. 3, and Washington State is No. 4 on the Maricopa Association of Governments list.
Maricopa County attracted more new residents than any other county nationwide last year. This boom has helped the region’s housing market slow down less than other regions despite higher interest rates keeping more homebuyers on the sidelines.
Contact the reporter at firstname.lastname@example.org or 602-444-8040. Follow her on X, formerly known on Twitter: @CatherineReagor.
This article originally appeared in the USA TODAY: Homebuyers in expensive coastal cities are heading to the US the most