When daydreaming about where you’d like to live – where do you picture yourself? Is it in the same neighborhood you’re currently living? Is it in the next city over, or are you in a totally new state?
A new survey from realtor.com shows that while the typical homebuyer stays within a 15-mile radius of their current home, others are still searching for a location that offers better housing affordability and employment rates.
They researched the areas that had the most out-of-town searches on their site. Senior Economist for realtor.com, George Ratiu, explains, “Home prices have risen for seven consecutive years, far outpacing salary growth. Although interest rates are the lowest they have been in three years, cost has become a deal breaker for many buyers, especially in pricey West Coast metros.”
The top 10 cities have an average unemployment rate of 3.3%. Eight out of the 10 locations also have lower overall tax burdens than the national average.
Here are the top 10 cities for movers:
- Charleston, South Carolina
- Boise, Idaho
- Urban Honolulu, Hawaii
- Columbia, South Carolina
- Cape Coral-Fort Meyers, Florida
- Portland, Maine
- North-Port Sarasota, Florida
- Greenville, South Carolina
- Tucson, Arizona
- Las Vegas, Nevada
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