The most common reason survey respondents listed for moving was more affordable housing (25.7%), followed by proximity to family and partners (21.2%), and retirement (17.9%). Furthermore, about 1 in 7 respondents said they wouldn't have been able to move without the ability to work remotely.
The top three metros respondents migrated away from for affordablity reasons were:
- The Bay Area
- Los Angeles
The top three metros people moved to for affordability were:
- Sacramento, CA
- Portland, OR
According to Redfin, home searchers on their website looked to move to another metro area 25% more during the fourth quarter of 2019 than the same period of the prior year. Redfin reported that "tied the all-time high for the national share of home-searchers looking to relocate that was set in the third quarter of 2019," and also mentioned that Phoenix, Sacramento, and Las Vegas "saw the highest net inflows."