Homebuyers Are Running Away From These 7 Cities

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Affordability is a top concern in today’s world which means people are relocating and leaving behind these expensive cities.

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A home in SF costs $1.5 MILLION and today’s mortgage rates average at around 5% making the payment amounts sky-high.

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San Francisco

Affordability has put expensive cities in a very tight spot including LA where residents are moving to San Diego and Phoenix.

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Los Angeles

Since more and more people are working from home these days, a big living space has become a priority which New York doesn’t have.

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New York

Most people leaving DC are moving to places like Salisbury, Maryland where housing can be as low as $200K.

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Washington DC

Seattle is also seeing outflow to cities like Phoenix but it must be noted that after an influx Phoenix housing has increased 20% in cost.

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Seattle

The major destination for ex-Boston residents is Portland Maine. Portland’s median cost for housing is around $489K.

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Boston

Detroit residents are seen moving to Cleveland which is a different trend from other cities where people are moving to warmer places.

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Detroit

Did you plan on moving to any of these cities and have you changed your mind yet?

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