Do Tell: People Leaving LA in Droves

Los Angeles is no longer a destination. Instead, people are fleeing the metro in droves, according to a new Redfin report.

Throughout November, nearly 24 percent of American homebuyers were looking to move to a new metro area, the real estate brokerage found. However, Los Angeles was not at the top of the list, instead becoming the area residents were most likely to move away from.

Advertisement

“That marks the first time on record it has been the number one place homebuyers are leaving, and the first time in over two years the Bay Area has dropped out of the number one spot,” Redfin said.

Initially, Americans started fleeing both California areas when remote work became standard during the COVID-19 pandemic. No longer tied to cities with high costs of living, many Americans settled down into new and more affordable locations.

Join the conversation as a VIP Member

Trending on HotAir Videos

Advertisement
Advertisement
Advertisement