(US MEDIA GROUP) – A recent study conducted by real estate website Redfin has revealed a growing trend of residents leaving California in search of more affordable housing options in other states. According to Fox News, the analysis conducted by Redfin highlights an influx of individuals moving to cities such as Las Vegas, Phoenix, Tampa, and Orlando.
The study found that the typical cost of a home in Las Vegas is less than half the price of homes in Los Angeles, San Francisco, or Seattle, which are the most common origins for buyers looking to move out of state, as per the Redfin analysis cited by Fox News. This stark contrast in housing costs has attracted many Californians to consider relocating to these more affordable destinations.
While Las Vegas, Phoenix, and Tampa offer relatively affordable housing options, they also come with increased exposure to natural disasters such as heatwaves and flooding, as mentioned in the Redfin analysis via Fox News. Despite these risks, the allure of affordability appears to be a significant driving force for those seeking to establish new roots.