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.
We are just one day away from what has been called the most influential tech event in the world. CES 2022 will officially kick off on Wednesday in Las Vegas, but the annual tech summit is being impacted by COVID-19, like so many other recent events. The Consumer Technology Association originally planned for a hybrid event to take place from January 5-8, with some in-person events and some virtual; however, a few big-name companies announced they will not be attending in-person, so the CTA decided to shorten the event by one day, with it now ending on Friday. Consumer electronics senior analyst Will Greenwald joins Cheddar News' Closing Bell to discuss.
Stocks closed mixed Tuesday, with the Dow hitting a record close, but the tech-heavy Nasdaq remained under pressure as bond yields continue to rise. Meanwhile, the S&P 500 closed lower, just shy of a record high. Nancy Prial, Co-CEO & Senior Portfolio Manager of Essex Investment Management joins Cheddar News' Closing Bell to discuss today's close, market predictions for 2022, and more.
This year - for the first time in five years - store openings might actually top announced store closings. Reports show that we're seeing companies opening up new locations by the dozens, and by the hundreds. The need for customers to touch and feel its' products is only one factor in the equation. John Harmon, senior analyst at Coresight Research, joins Cheddar News' Closing Bell to discuss.
Harry Yeh, Managing Director at Quantum Fintech Group, joins Cheddar News' Closing Bell, where he explains why his firm has a target estimate of $400,000 for Bitcoin this year.
California's new composting law will affect what residents do in their kitchens. As of this week, Californians will have to recycle excess food in an effort to reduce emissions caused by food waste. Cities and counties will turn recycled food into compost or use it as a renewable energy source. California's new law is the largest mandatory residential food waste recycling program in the country. Rachel Wagoner, Director of the California Department of Resources, Recycling and Recovery called the law 'the biggest change to trash' since recycling started in the 1980s. She joined Cheddar Climate to discuss.
Like the big changeover to e-commerce for retail, the COVID-19 pandemic has moved car buying trends to the digital showroom. Karl Brauer, an executive analyst at iSeeCars.com, joined Cheddar to talk about the "mindset shift" in consumers and businesses to order-based systems in the United States (something more common in other countries). While more than 60 percent of consumers still prefer to visit dealerships in-person, Brauer noted that consumers are better off ordering a car to spec, which would also help improve supply constraints. "It's really bad right now to be building cars and not really knowing who's going to buy them or when they're going to sell," he said. Manufacturing a car to order would maximize the efficiency of obtaining materials through the supply chain rather than "shotgunning it" at dealerships.
Mark MacDougall, attorney and former prosecutor with the criminal division of the Department of Justice, joined Cheddar to discuss the fraud conviction of Theranos founder Elizabeth Holmes. MacDougall addressed Holmes' stance that what she did was no different than any other Silicon Valley startup's approach to business and how this will shake out for the industry going forward. "I can't imagine it doesn't have some salutary effect on entrepreneurs and people involved in new ventures going forward," he said. Holmes was found guilty on 4 of 11 counts, with each carrying a maximum of 20 years in prison, but MacDougall explained that the lengthy prison sentences were unlikely.
Sports betting is going mainstream in the United States. Dozens of states have legalized it, California is set to do the same this year. Arizona, which legalized sports betting in September, set new national records for gambling in its first months. Daniel Graetzer, CEO of Maximbet, joins Cheddar News to discuss what's next for the booming industry.
A new report from ProPublica and the Washington Post found that Facebook Groups played a major role in the spread of misinformation linked to the January 6 insurrection with more than 650,000 posts claiming that Joe Biden's election victory was illegitimate.
