More Americans are packing up and leaving their homes in San Francisco, New York, Los Angeles, and Washington, D.C. for more affordable secondary cities.
According to new data from online real estate brokerage Redfin, Nashville, Tenn., Sacramento, Calif., Atlanta, Phoenix, Austin and Dallas, Texas are some of the cities with the most domestic in-migrants seeking more affordable homes, cost of living, and lower tax burdens. Redfin chief economist Daryl Fairweather explains that residents in expensive coastal markets are "just fed up with double-digit price increases," and and are moving inland in greater numbers. According to ATTOM Data Solutions' analysis, being able to afford a home was at its lowest level in 10 years in the third quarter of 2018, The Washington Post reports.
As they began planning their future together, Ashley Brown and her fiance, Aaron Shuman, concluded that they could no longer remain in Los Angeles because it was getting too expensive. “Our rent in L.A. was $1,500 for a tiny, 650-square-foot apartment with no amenities,” says Brown, 29, a native New Yorker, actress and New York University graduate. She and Shuman ... began looking at Austin, Detroit, Portland, Ore., and Columbus, Ohio, before settling on Atlanta. “There’s a great arts community here, and it’s a growing city with lots of entrepreneurs ... We pay $1,200 a month for more than double the space, with two bedrooms, two bathrooms and everything brand-new,” she said.
