Sound Real Estate information for the mid-peninsula of San Francisco: the Silicon Valley.
Monday, July 30, 2012
Californians on the move.
When Californians move, where do they go?
It turns out that when a Californian moves, he/she mostly stays in the same County (49%).
So most likely, when people move they just want to move up or move down.
4 years ago, a lot more people were going to an other state; possibly to deal more easily with the crisis, as the cost of living is so high here? Once that wave happened, it seems that out-of-state moves settled around 20% of the movers.
Consistently, about 1% of the movers go outside of the US. Funny to note that in 2009, at the worst time for real estate values, twice as many people left to go outside of the US.