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National Mortgage News - - Contents -

Stag­ger­ing hous­ing prices and steep tax rates are push­ing peo­ple from ex­pen­sive cities along the coasts to more af­ford­able lo­cales. Data from the sec­ond quar­ter of 2018 showed in­hab­i­tants of Los Angeles, San Francisco and New York flee­ing their cities in search of more eco­nom­i­cal places to live, ac­cord­ing to a Redfin anal­y­sis of Cen­sus Bureau data.

“With home prices reach­ing new heights in many metro ar­eas, it’s no sur­prise peo­ple are con­tin­u­ing to move away from ex­pen­sive met­ros in search of home­own­er­ship,” said Redfin Se­nior Econ­o­mist Tay­lor Marr.

Here’s a look at the cities with the most out-of-town home shop­pers. The data is based on a sam­ple of over 1 mil­lion Redfin users search­ing for homes across 75 metro ar­eas dur­ing the sec­ond quar­ter. The rankings are de­rived by com­par­ing the num­ber of out-of-town­ers search­ing in a metro area, mi­nus lo­cal shop­pers search­ing in other cities.

No. 9 San Diego, Calif. Net pop­u­la­tion in­flow 2Q 2018: 2,537 Net pop­u­la­tion in­flow 2017: 5,286 Top ori­gin city: Los Angeles, Calif.

No. 5 Port­land, Ore. Net pop­u­la­tion in­flow 2Q 2018: 3,614 Net pop­u­la­tion in­flow 2017: 1,190 Top ori­gin city: San Francisco, Calif.

No. 10 Nashville, Tenn. Net pop­u­la­tion in­flow 2Q 2018: 2,462 Net pop­u­la­tion in­flow 2017: 1,364 Top ori­gin city: New York, N.Y.

No. 6 Austin, Texas Net pop­u­la­tion in­flow 2Q 2018: 3,212 Net pop­u­la­tion in­flow 2017: 1,655 Top ori­gin city: San Francisco, Calif.

No. 2 Sacra­mento, Calif. Net pop­u­la­tion in­flow 2Q 2018: 6,208 Net pop­u­la­tion in­flow 2017: 4,833 Top ori­gin city: San Francisco, Calif.

No. 3 Atlanta, Ga. Net pop­u­la­tion in­flow 2Q 2018: 5,112 Net pop­u­la­tion in­flow 2017: 2,767 Top ori­gin city: New York, N.Y.

No. 7 Dal­las, Texas Net pop­u­la­tion in­flow 2Q 2018: 2,979 Net pop­u­la­tion in­flow 2017: 2,036 Top ori­gin city: Los Angeles, Calif.

No. 8 Mi­ami, Fla. Net pop­u­la­tion in­flow 2Q 2018: 2,575 Net pop­u­la­tion in­flow 2017: 1,746 Top ori­gin city: New York, N.Y.

No. 1 Phoenix, Ariz.Net pop­u­la­tion in­flow 2Q 2018: 6,349 Net pop­u­la­tion in­flow 2017: 3,849 Top ori­gin city: Los Angeles, Calif.

No. 4 Las Ve­gas, Nev.Net pop­u­la­tion in­flow 2Q 2018: 3,786 Net pop­u­la­tion in­flow 2017: 3,509 Top ori­gin city: Los Angeles, Calif.

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