36
TRACKING
HOMEOWNERS'
DESIRE TO
RELOCATE
A survey by LendingTree found that
about half of Americans looked into moving
in the coming year.
e researchers took a closer look at
where, specifically, homeowners who relocate
are most likely to go. Using data from
January-December of 2020, LendingTree
analyzed the migration patterns of American
homebuyers in each of the 50 states. ey
found that most surveyed are thinking of
moving within the state where they live and
that homeowners in certain places—like New
York—are more likely to move to another
state.
e report's key findings show:
» About 85.65% of movers stay in the state
that they're currently living in.
» Texas has the highest percentage of movers
looking to move within state lines at
93.57%. Not only is Texas popular among
its own residents, but its relatively low
home prices and lack of a state income tax
also make it a popular destination for out-
of-state movers from states like California
and Colorado. For example, 14.04% of
homebuyers who move out of California
and 11.91% of homebuyers who leave
Colorado move to Texas.
» New York has the most residents looking
to leave. 75.28% of New York state movers
stay in the Empire State.
» Most out-of-state movers don't go
far. irty-three of the most popular
destination states border the current state
where a mortgage shopper resides.
» Florida is the favorite out-of-state
destination for mortgage shoppers in 14
of the 50 states. What's more: of those
14 states, 12 do not border Florida. e
Sunshine State has a long history of
bringing in visitors and new residents,
particularly retirees, thanks to a mix of
affordable housing, no state income tax,
and, of course, its sunny weather. Florida
also retains current residents with the fifth-
highest share of movers who look to stay
in-state.
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