Wednesday, April 26, 2017

California Leavin' : Bay Area residents are leading the nationwide migration

The San Francisco Chronicle reports:
California dreaming? Hardly.

Mattresses on sidewalks, moving vans in driveways and hasty garage sales hint at a trend Bay Area residents have long suspected – exodus.

Real estate brokerage site Redfin released its annual "migration report" on Monday and found that those residing in San Francisco Metro are the most likely to leave. The catalyst for moving – high housing costs – should surprise no one.

Analyzing a sample of 1 million Redfin users, the site found that 19.4 percent of potential homebuyers in San Francisco searched outside of the region for houses.

San Francisco also recorded the highest "net outflow" – the number of potential homebuyers looking to move to San Francisco Metro subtracted from the number of those who want to leave. The region's outflow was double that of New York.
The great moments of Blue America!