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Why a lot of people are moving out of California

Posted on November 29, 2016 by Community Real Estate

Source: CNN Money

For every home buyer coming into California, there are three households selling and moving elsewhere, according to data analysis firm CoreLogic. California’s housing market is one of the most expensive in the nation, with a median home price of $428,000 across the state. Prices have shot up 71 percent since 2011.

To help make life more affordable, residents are trading the beaches and nice weather for states with more affordable housing markets and a lower costs of living. Places like Arizona, Texas and Nevada, according to the analysis.

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