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☆ The top 14 cities in the US people are fleeing
▼ + stars: | 2024-04-15 | by ( Madison Hoff | ) www.businessinsider.com time to read: +2 min

1 for its negative net domestic migration rate per 1,000 people. Business Insider looked at negative net domestic migration estimates for US metropolitan statistical areas for the period of July 1, 2022, to June 30, 2023. Negative net domestic migration means they had more people fleeing these metropolitan statistical areas for another US location than people in the US moving in. Six of the 14 metros that had the biggest negative net domestic migration rates per 1,000 people were California metros. Below are the top cities people are fleeing based on net domestic migration rates per 1,000 people.

Persons: — Organizations: New Orleans, Service, Golden State, Business, metros, Fremont — Locations: California, Golden, New York City, Los Angeles, Long, Anaheim , California, Chicago, Naperville, Elgin , Illinois, Indiana, San Jose, Sunnyvale, Santa Clara, San Francisco, Oakland, Anaheim, Orleans, Metairie , Louisiana

☆ Homebuyers must earn more than $400,000 to afford a home in the 2 priciest metro areas — and New York isn’t one of them
▼ + stars: | 2023-10-25 | by ( Ana Teresa Solá | ) www.cnbc.com time to read: +1 min

"The Bay Area has consistently been one of the most expensive markets in the country," said Daryl Fairweather, chief economist at Redfin. Why the New York metro area is low on the listMidtown Manhattan, New York, as seen from Hoboken, New Jersey. That's because the metro area goes beyond Manhattan and the city's four other boroughs, extending into nearby counties. "Even though Manhattan is really expensive, once you get to the outlying areas [in] the New York metro area, it actually becomes quite affordable," said Fairweather. Interested homebuyers in the region still need to earn six figures annually to afford a home, about $197,734, Redfin estimates.

Persons: Thomas Barwick, San, Daryl Fairweather, Gary Hershorn, Fairweather Organizations: Area, Redfin, California metros, San Diego —, New, Midtown, Corbis, Council for Community Locations: Getty, San Francisco, San Jose , California, California, Anaheim, Oakland, San Diego, New York, Midtown Manhattan , New York, Hoboken , New Jersey, Manhattan, U.S

☆ The 10 major US cities with the lowest property taxes — and how much typical homeowners can expect to pay in each one
▼ + stars: | 2023-04-18 | by ( Alcynna Lloyd | ) www.businessinsider.com time to read: +2 min

LendingTree found how much homeowners pay for property taxes in 50 of the nation's largest cities. Insider broke out the 10 US metropolitan areas with the lowest property taxes. Take Birmingham, Alabama, for example, where homeowners pay the lowest property taxes on the list of an average of $995 a year. That's a staggering $8,096 cheaper than the property taxes of those living in New York. However, just because the South has relatively low property taxes now doesn't mean it will remain that way.

☆ Comerica Bank's chief economist breaks down why home prices will continue their slide through most of 2023 — and shares why California's biggest markets will see some of the country's largest price de
▼ + stars: | 2023-02-23 | by ( William Edwards | ) www.businessinsider.com time to read: +4 min

Housing prices around the US will see declines in the high single-digits, says Bill Adams. Los Angeles and the San Francisco Bay Area in California face unique challenges, he said. That downward trend will continue into the fourth quarter this year, Adams said, and peak-to-trough prices declines will end up being in the high single-digits. According to Kiplinger, Los Angeles, Orange County, San Francisco, and Oakland are all in the top 11 most expensive cities in the US. According to S&P CoreLogic Case-Shiller data, home prices in Los Angeles are down 7.5% from their peak, and prices in San Francisco are down 14.2%.

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