Faced with unaffordable housing markets, new analysis from LendingTree says many hopeful homebuyers are southbound, where states have lower monthly payments, cost of living, and an influx of new jobs.
Based on the mortgage requests the online loan marketplace received over the past year, the data showed Florida is the most desirable state, with 9.14 percent of buyers looking for loans in the state. Texas had the highest amount of potential buyers wanting to stay in their state at 92.5 percent, per Realtor.com.
"There's no state income tax. Florida has good hospitals" and lots of golf courses, he says, adding that its double coastline is also a draw. Plus, "a lot of the developers purpose-build the retirement communities specifically to appeal to what they're looking for."
