We’re constantly hearing about the high price of homes in California, and how that’s driving people away, especially from the San Francisco Bay Area. If it’s true, where are all these people going?
Redfin did a migration study that could be very useful for real estate investors. Migration trends tell us where the demand for housing may be weakening, and where it may be growing. In this study, the metro with the biggest outflow of residents was the pricey Bay Area. There are several major destination metros for all those people, but the one that attracted most of those Bay Area expats was Sacramento, followed by several out-of-state locations.
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