Where do people who are moving want to relocate to?
Tampa made the list. Folks are moving in droves from places including San Francisco, Los Angeles and New York. The economic uncertainty combined with the high cost of living is one of the reasons.
Taylor Marr is Redfin Deputy Chief Economist, “The overall slowdown and the popularity of relocating are both due to high home prices and mortgage rates that have doubled since last year. Six percent mortgage rates are exacerbating already-high home prices and motivating homebuyers — especially remote workers — to leave expensive areas for more affordable ones. Persistent inflation and slumping stocks are also cutting into buyers’ budgets, making relatively affordable areas even more attractive.”
This study from Redfin looked at reasons why people are leaving certain areas and where they are relocating to.
Here are the Top Five Places folks are wanting to move to:
