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Tracking Homeowners’ Desire to Relocate

first_img Data Provider Black Knight to Acquire Top of Mind 1 day ago  Print This Post Tracking Homeowners’ Desire to Relocate Related Articles 2021-01-18 Christina Hughes Babb The Best Markets For Residential Property Investors 2 days ago Previous: Economy ‘Ready to Take Off’ in 2021 Next: Legal Strategy and Budget: 10 Things Investors Should Consider Share Save Sign up for DS News Daily Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Christina Hughes Babb is a reporter for DS News and MReport. A graduate of Southern Methodist University, she has been a reporter, editor, and publisher in the Dallas area for more than 15 years. During her 10 years at Advocate Media and Dallas Magazine, she published thousands of articles covering local politics, real estate, development, crime, the arts, entertainment, and human interest, among other topics. She has won two national Mayborn School of Journalism Ten Spurs awards for nonfiction, and has penned pieces for Texas Monthly, Salon.com, Dallas Observer, Edible, and the Dallas Morning News, among others. The Week Ahead: Nearing the Forbearance Exit 2 days ago Subscribe The Best Markets For Residential Property Investors 2 days ago Home / Daily Dose / Tracking Homeowners’ Desire to Relocate A survey by LendingTree found that about half of Americans looked into moving in the coming year.The researchers took a closer look at where, specifically, homeowners who relocate are most likely to go. Using data from January-December of 2020, LendingTree analyzed the migration patterns of American homebuyers in each of the 50 states. They found that most surveyed are thinking of moving within the state where they live and that homeowners in certain places—like New York—are more likely to move to another state.The report’s key findings show:About 85.65% of movers stay in the state that they’re currently living in.Texas has the highest percentage of movers looking to move within state lines at 93.57%. Not only is Texas popular among its own residents, but its relatively low home prices and lack of a state income tax also make it a popular destination for out-of-state movers from states like California and Colorado. For example, 14.04% of homebuyers who move out of California and 11.91% of homebuyers who leave Colorado move to Texas.New York has the most residents looking to leave. 75.28% of New York state movers stay in the Empire State.Most out-of-state movers don’t go far. Thirty-three of the most popular destination states border the current state where a mortgage shopper resides.Florida is the favorite out-of-state destination for mortgage shoppers in 14 of the 50 states. What’s more: Of those 14 states, 12 do not border Florida. The Sunshine State has a long history of bringing in visitors and new residents, particularly retirees, thanks to a mix of affordable housing, no state income tax, and, of course, its sunny weather. Florida also retains current residents with the fifth-highest share of movers who look to stay in-state.For the full study with a regional breakdown, visit LendingTree.com. January 18, 2021 889 Views Data Provider Black Knight to Acquire Top of Mind 1 day ago Demand Propels Home Prices Upward 1 day ago Demand Propels Home Prices Upward 1 day ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago in Daily Dose, Featured, News About Author: Christina Hughes Babblast_img read more