Home Buyers Leaving California and New York?

Are people really leaving California, New York, Seattle, and other big cities to go to smaller ones? Let's take a look at this great article by Redfin where they break down the outflow of people, the inflow of people, and the searches that are happening on the Redfin website. 

You'll see that people leaving California are leaving from San Francisco to Sacramento, which means they aren't really leaving California, but you look at New York you see them migrating to Miami mainly. What's going to happen in the next few months as interest rates rise and inflation goes up in the United States is that people will start looking to move to more affordable areas in Florida, Texas, in Arizona. The American Dream is still alive and going!

#HousingCrash#Housing#HousingMarket#TristanAhumada#California#Newyork#HomeBuyers