Americans are moving to cheaper metro areas from Democrat-run blue states. This is partly due to rising housing costs and inflation, which are driving them out of their original cities.
Redfin’s report revealed that 32.6 percent of users in the country “looked for a move from one metro area to the other in the second quarter,” slightly higher than 32.3% in quarter 1, and about 26% prior to the pandemic.
Eighteen of the top ten largest cities with the highest outflows are located in states with Democrat governors. The other two cities are Washington DC and Boston, Massachusetts. Charlie Baker, the Bay State’s governor is a Republican. However, Massachusetts has been blue in every presidential election since 1984.
hese ten cities have the highest net outflows of residents and are led by left-leaning Democrat mayors.
San Francisco, CA – Net Outflow: 48,718
Los Angeles, CA – Net Outflow: 40,632
New York, NY – Net Outflow: 35.165
Washington, DC- Net outflow: 24,492
Seattle, WA – Net outflow: 18,594
Boston, MA – Net Outflow: 12,492
Detroit, MI – Net outflow: 7,334
Denver, CO – Net Outflow: 5,635
Chicago, IL – Net Outflow: 4,769
Minneapolis, MN – Net Outflow: 2,795
Tourists take in the sun on a sunny Saturday in front of Manhattan’s skyline and Brooklyn Bridge, August 24, 2019, in New York City. (Photo by Johannes EISELE / AFP. (Photo credit should be JOHANNES EISELE/AFP via Getty Images.
Brooklyn Bridge and Manhattan’s skyline in New York City. (JOHANNES EISELE/AFP via Getty Images
Except for New York City and Denver, all cities are experiencing higher outflows in the second quarter 2021 than they did in that period. Taylor Marr, Redfin’s deputy chief economist, stated in the report:
A typical San Francisco or San Jose home costs over $1.5 million. You will be paying a high monthly bill if you add the 5% plus mortgage rates. These factors, plus the fact that more companies offer employees remote work, are driving buyers to look at homes in other areas of the country. A person who cannot afford to live in Los Angeles might be able to afford a home in Phoenix, San Antonio or another city.
The highest net inflows for quarter two are in metros in purple and red states. Six of the top ten inflow cities are located in Florida and Texas, which both have Republican governors. Ron DeSantis, R-FL, and Gov. Greg Abbott (R-TX).
Miami, FL – Net Inflow: 12,614
Tampa, FL – Net Inflow: 9,841
Phoenix, AZ – Net Inflow: 9,730
Sacramento, CA – Net Inflow: 9,640
Las Vegas, Nevada – Net Inflow 85977
Cape Coral, FL – Net Inflow: 7,015
San Diego, CA – Net Inflow: 6,804
North Port, FL – Net Inflow: 6,626
San Antonio, TX – Net Inflow: 5,335
Dallas, TX – Net Inflow: 4,964
Eric Auciello, Redfin’s Tampa manager, stated that Tampa is still attractive to many out-of-state buyers, especially from New York. They can get more in Florida than they can in New York.
Los Angeles is the most popular destination for new residents in four out of ten major cities with the highest inflows. Chicago is the main place of origin in the other two metro areas. The other four cities are New York City, San Francisco, Austin, Texas and Orlando, Florida.
