Many wealthy buyers say they were driven out by a so-called mansion tax in Los Angeles, among other tax-related issues.
Los Angeles topped Redfin's list of US metropolitan areas that homeowners are most looking to leave, based on their user data of home searches.
Wealthier Americans — those making more than $200,000 per year — are moving out of high-cost cities like New York and Los Angeles, according to personal finance site SmartAsset.
San Diego real-estate agent Jennifer Janzen says she's recently had Los Angeles clients head south to trade up in style.
Another client of Janzen's was a young family who grew tired of the city life in Los Angeles.
Persons:
—, Gus Lira, Lira, Lira's, Summerlin, she's, Jennifer Janzen, Janzen, Sotheby's, grâce, Jade Mills, Rob Desantis, Mary Fitzgerald
Organizations:
Service, Getty, Hollywood, Las, Golden, LA, Bloomberg, Los, Netflix
Locations:
Los Angeles, Malibu, California, Orange County, Las Vegas, Nevada, Vegas, Red, Vegas from California, Seattle, Florida , Texas, Tennessee, New York, Diego, Angeles, Rancho Santa Fe, San Diego, LA, Santa Fe, Manhattan