Find out the cities most people are moving to (and moving out of). (Getty Images/j2pix.com)
The housing market is in a state of flux, but people are setting their sights on one place in particular: Sacramento. A recent report by Redfin found that California’s capital was the most searched for destination for homebuyers planning to move between October 2023 and December 2023.
Redfin’s migration analysis was developed from the search results of about two million Redfin.com users who looked at homes in more than 100 metro areas across the United States. The “inbound” data was calculated by adding the number of home searchers looking to relocate there, minus the number of searchers planning to leave. Sacramento’s score was 5,400, making it a standout among the other competitive metro areas rounding out the top five. Las Vegas tied with two Florida metros (Cape Coral and Sarasota) for the second position with a score of 4,100, followed by Orlando at 3,600.
The same report shared details about the “outbound” metros, or spots where people are trying to move away from. In a similar way, the total was determined by taking the number of people hoping to leave and subtracting the number of searchers interested in moving there. Los Angeles was the “winner” here, with a net outflow score of 26,900. The other high-ranking metros were San Francisco (25,900), New York (24,900), Seattle (16,700), and Washington, DC (13,000).
The housing market is in a state of flux, but people are setting their sights on one place in particular: Sacramento. A recent report by Redfin found that California’s capital was the most searched for destination for homebuyers planning to move between October 2023 and December 2023.
Redfin’s migration analysis was developed from the search results of about two million Redfin.com users who looked at homes in more than 100 metro areas across the United States. The “inbound” data was calculated by adding the number of home searchers looking to relocate there, minus the number of searchers planning to leave. Sacramento’s score was 5,400, making it a standout among the other competitive metro areas rounding out the top five. Las Vegas tied with two Florida metros (Cape Coral and Sarasota) for the second position with a score of 4,100, followed by Orlando at 3,600.
The same report shared details about the “outbound” metros, or spots where people are trying to move away from. In a similar way, the total was determined by taking the number of people hoping to leave and subtracting the number of searchers interested in moving there. Los Angeles was the “winner” here, with a net outflow score of 26,900. The other high-ranking metros were San Francisco (25,900), New York (24,900), Seattle (16,700), and Washington, DC (13,000).
How to Paint a Wall with LimewashAdd richness, depth, and dimension to a room with this limewash wall paint technique.0 seconds of 55 secondsVolume 0%
Compared to all other states, California was the place where most people considered leaving. More than 46,000 California residents searched for metros outside of the state. This also comes at a time when California home prices increased by 7.4 percent year-over-year in December, and the number of homes sold dropped by 6.1 percent.
The low housing inventory and high interest rates are making it difficult to become a homeowner these days. To help make yourself the best possible candidate for home ownership, check out the top tips and tricks from real estate experts.
Angelo Zino, Senior Industry Analyst & Vice President at CFRA Research, breaks down the tech giants' valuation milestone and discusses the areas of Apple's business that could see further growth.
Housing has been one of the bright spots in the broader economy in 2021, as Americans borrowed more than ever to buy homes. Mortgage lenders issued an estimated $1.61 trillion in purchase loans this past year with sales of existing homes expected to reach their highest level since 2006. Orla McCaffrey, reporter at The Wall Street Journal, joins Cheddar News.
Brian Walker, Chief Strategy Officer at Bloomreach, breaks down the impact returning gifts have on retailers and how stores can benefit from the rise in ecommerce.
Events and media company Emerald X has acquired Colorado-based news company Marijuana Business Daily for $120 million, which includes the live business conference, MJBizCon. David Doft, chief financial officer at Emerald X, and Chris Walsh, CEO at MJBizDaily, joined Cheddar to talk about the deal and what it means for the growth of the legal cannabis industry. As cannabis becomes more mainstream, Walsh noted that part of the industry's growth will come from major corporations that now "feel more comfortable" conducting business with the industry.
General Motors rolled out the newest addition to its EV fleet with the all-electric Silverado pickup truck. Deborah Wahl, chief marketing officer at GM, joined Cheddar to talk about the latest EV offering and how it matches up to its past gas-powered versions. She said she expects demand to soar after the "first-level truck" sold out in just 12 minutes and talked about steps GM plans to take to regain its title as top U.S. auto seller after being dethroned by Toyota in 2021 with emphasis on the EV market. "I think this is an exciting new inflection point for the market overall, for [an] idea of an all-electric future, and certainly shows that we're extremely committed to the idea of everybody in an electric vehicle," said Wahl.
With the annual CES convention underway amid COVID, HP unveiled rolled out a number of new products virtually this year, including new gaming PCs and 4K display monitors. But as industries look toward a greener future, HP is working with the climate crisis in mind. James McCall, chief sustainability officer at HP, joined Cheddar's Kristen Scholer to discuss the company's climate goals, which includes reducing its carbon footprint to net-zero by 2040. He admitted that reaching the ambitious goal will be difficult because much of the company's emissions totals come from third parties. "A large part of our footprint is outside of HP's direct control. A lot of it comes either from our incoming supply chain, the materials, our manufacturing process, or about 30 to 40 percent of it comes from our consumer-use base," McCall told Cheddar.
Jared C. Bass, senior director for Higher Education at the Center for American Progress, joins Cheddar News to discuss how schools are navigating the Omicron variant.
Martin Fischer, president of technology supplier for cars and commercial vehicles ZF North America, joined Cheddar to discuss the company's solutions for next-generation mobility in autonomous vehicles and its plans to usher in the next phase of electric vehicles. He also talked about the rising demand for self-driving technology on a global scale. "Whereas we are really active also there for passenger cars and commercial vehicles, what we showcase at CES now virtually is our autonomous shuttles," he said. "So, what that means is we bring these vehicles to busy city centers and can take traffic levels down."
