OT: Americans are fleeing the most expensive US cities—and moving to these 10 m

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


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

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

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

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
Net inflow for Q4 2019: 6,509
Median home price: $289,900
Top city of origin: Los Angeles, CA

https://www.cnbc.com/2020/02/20/american…