These are the California cities people want to leave the most
LOS ANGELES – Two California cities topped a recent list of American cities people most want to leave – and are you even surprised?
San Francisco and Los Angeles ranked No. 1 and 2 respectively in Redfin’s recent report showing the top cities people were looking to leave in July and August.
According to the report, homebuyers looking to leave California were mostly moving to Seattle, Washington.
More than 34,000 Redfin users in Los Angeles were looking for homes in new areas over the past two months. Redfin found that most Angelenos were looking for homes in San Diego if they were staying in the Golden State, and the second place of relocation was Las Vegas, Nevada.
That’s partly because of high mortgage rates and economic hardship, including inflation, which makes it harder to buy homes in those places, Redfin said.
The typical Las Vegas home, for example, sold for $416,000 in August, half the $845,000 median in Los Angeles, the number one origin of people moving in.
In the United States, Redfin saw a record high of nearly 34% of its users considering moving from one metropolitan area to another, up from 26% before the pandemic.
Migration from Los Angeles, New York, Washington, DC and Boston has accelerated compared to last year.
Where are people going? Miami was the most popular migration destination, continuing a more than year-long streak of metro South Florida taking the top spot. Other popular destinations included Sacramento and San Diego for California metros, while Las Vegas, Tampa, FL; Phoenix; Cape Coral, Florida; North Port, Florida; Portland, Maine; and San Antonio, TX rounded out the top list.
Redfin sampled data from around two million Redfin users searching for homes in more than 100 metropolitan areas in July and August. View the full report by tapping or clicking here.