Global economic forecasts and fluctuations have a major impact on different business areas, market verticals, and people’s decisions. Moving is no exception! Migration is a feature of social and economic life around the world. With rising housing, utility, petrol prices, and inflation rates, it is quite obvious: more and more people want to move elsewhere to cut costs and save more money.

Predictions for the winter of 2022-2023 range between grim and hopeful. Some believe that the harder times will continue for the next few winters, while others argue that the inflation problem is likely to be resolved soon. The truth is: 47% of Americans ranked rising prices as the biggest issue facing the U.S. according to the newest “The New Consumer” report. Because of that, people just want to deal with financial responsibilities such as upcoming payments, and bills without sacrificing their well-being. Moving somewhere else seems to be the solution!

WHAT DRIVES THE DECISION TO MOVE?

Relocation always needs serious consideration and evaluation of many different internal and external factors. While the question “WHY SHOULD I MOVE?” can vary from new career opportunities, and retirement to many other personal reasons, the question “WHERE SHOULD I MOVE?” takes longer to consider. Relocating simply means taking a leap into the unknown, so it is impossible to foresee everything before opening the doors of your new home.

On the other hand, there are some things you could check on. here are countries that have income tax and those that do not. Also, utility costs vary widely, especially if the location has extreme seasons and you need extra heating or air conditioning. In addition, in some States, you might have to buy more expensive insurance. In certain areas, you will need special cover for natural disasters, such as floods, hurricanes, or tornadoes…

For these reasons, people are looking for a place where they feel safe and comfortable. To achieve this, they may have to move a little further afield, even to another country. But there is nothing to be afraid of! In a previous article, we revealed that there has been a recent surge in the number of relocations to other countries. Moving further was a trend for 2021 moves as well. Long-distance moves are even more relevant now when people need to cope with the unpleasant economic situation.

HOMEBUYERS WANT TO MOVE OUT OF THE COLD

According to the latest online real estate brokerage Redfin.com data, nearly 25% of the property search queries are for cities where the person doesn’t live. It is also one-tenth percent more than five years ago.

Direction? Warmer locations — particularly Florida. Where the climate is warm, housing costs are lower. In addition, there is no personal income tax in Florida. This makes Florida particularly attractive for people who are planning to move elsewhere.

Other cities with the highest net traffic for property searches on Redfin platform were:

1. Sacramento, California
2. Las Vegas
3. Miami
4. San Diego
5. Tampa, Florida
6. Phoenix
7. Cape Coral, Florida
8. North Port-Sarasota, Florida
9. Dallas
10. Orlando, Florida

Low costs, good weather, and more vitamin D. What could be better during these times, right?

BIG CITY LIFE STATUS: ON HOLD

Leaving greater metropolitan areas is a fairly old trend. The largest cities in the US are becoming less and less attractive due to rising taxes, prices, cost of living, and huge traffic. For some people, it’s just too much… A good pricing example is Las Vegas versus Los Angeles. Buying a new house in Las Vegas would cost around $410,000, while the same type of home in Los Angeles costs twice as much.

People are most like likely to leave their homes in:

1. San Francisco
2. Los Angeles
3. New York
4. Washington, D.C.
5. Boston
6. Chicago
7. Detroit
8. Denver
9. Seattle
10. Philadelphia

The following cities had the largest outflow of property searches, according to Redfin’s data. Of course, this doesn’t mean, that San Francisco, Los Angeles, New York, Washington, D.C., and Boston will be emptied soon, but people are willing to put their big city life on hold, for a better future and economic situation.

The following cities had the largest outflow of property searches, according to Redfin’s data. Of course, this not means, that San Francisco, Los Angeles, New York, Washington, D.C., and Boston are about to empty out, but people are willing to put their big city life on hold, for a better future and economic situation.

Considering moving? Great! You are in the right place.Call the Movers will help you out with all moving-related help from transparent estimates to unpacking at your new gorgeous place!