More People Are Leaving California for Affordable Homes Elsewhere, Study Finds

More People Are Leaving California for Affordable Homes Elsewhere, Study Finds

More People Are Leaving, California for Affordable, Homes Elsewhere, Study Finds.br According to a recent study from real estate br website Redfin, residents of California are br seeking more affordable housing in other states.br Fox News reports that the Redfin analysis shows br an influx of people moving to Las Vegas, Phoenix, br Tampa and Orlando to find more affordable options.br Fox News reports that the Redfin analysis shows br an influx of people moving to Las Vegas, Phoenix, br Tampa and Orlando to find more affordable options.br The typical Las Vegas home costs br less than half as much as one in br Los Angeles, San Francisco or br Seattle, the most common br origins for buyers moving in. , Redfin analysis, via Fox News.br The typical Las Vegas home costs br less than half as much as one in br Los Angeles, San Francisco or br Seattle, the most common br origins for buyers moving in. , Redfin analysis, via Fox News.br Phoenix and Tampa are the br next most popular destinations. br Along with Las Vegas, they’re br increasingly prone to natural br disasters like heat and flooding, br but relatively affordable, Redfin analysis, via Fox News.br Phoenix and Tampa are the br next most popular destinations. br Along with Las Vegas, they’re br increasingly prone to natural br disasters like heat and flooding, br but relatively affordable, Redfin analysis, via Fox News.br The same analysis found that San Francisco br and Los Angeles ranked in the top 3 cities with br the most people looking for out-of-state housing.br The same analysis found that San Francisco br and Los Angeles ranked in the top 3 cities with br the most people looking for out-of-state housing.br At $412,000, the median home in Las Vegas costs br less than a third of the median price in br San Francisco, which currently stands at $1,405,500.br At $412,000, the median home in Las Vegas costs br less than a third of the median price in br San Francisco, which currently stands at $1,405,500.br Fox News reports that the study was based on br two million Redfin users between April and June.br According to another online real estate website, br MyEListing.com, California lost over $340 million in IRS tax br revenue in 2021 as a result of residents leaving the state.br Despite its numerous attractions, br from the booming tech industry br and world-class universities to br beautiful landscapes and cultural br richness, California's high personal br income tax rates seem discouraging br for many high-wealth individuals. , Redfin analysis, via Fox News.br Despite its numerous attractions, br from the booming tech industry br and world-class universities to br beautiful landscapes and cultural br richness, California's high personal br income tax rates seem discouraging br for many high-wealth individuals. , Redfin analysis, via Fox News.


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Uploaded: 2023-08-10

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