A rising number of Americans are heading to southern states, lured by a combination of warmer weather, affordable housing, lower taxes, and less congested cities, according to a new report published by RealtyTrac called “The Next Great Migration of ‘Housing Refugees’ On the Move.”
"Refugees" from the cold? Or, Cost-of-Living?
That marks a stark difference to previous mobility trends. For more than a century, Americans predominantly headed west to cities such as Los Angeles, San Francisco, San Diego, and Seattle. But lately, that migration trend is taking a turn south.
Why More Americans Are Heading South
Americans are fleeing higher price states like California and New York for Texas, Florida and the Carolinas.
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"Steve Humphries was great to work with. Personable and knowledgeable. He helped us zero in on homes that met our criteria for a vacation rental property and negotiate the minimum price that actually got us the house. It is now a profitable, positive cash flow property that has already had an uptick in value. Steve was very helpful to us as Canadians buying in the US in terms of providing advice we needed and accommodating our last minute travel schedule. I expect to use Steve again personally for any additional revenue homes in the Davenport & Champions Gate area and have recommended him to friends. Well done Steve!"