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☆ More than 12 million Americans are spending at least half their entire paycheck on rent, Harvard study says
▼ + stars: | 2024-01-25 | by ( Pete Syme | ) www.businessinsider.com time to read: +3 min

Over 12 million Americans spent more than half their income on rent and utilities in 2022, a Harvard study says. The study, by Harvard's Joint Center for Housing Studies, found a sharp rise in people spending large portions of their pay on rent. AdvertisementAn estimated 12.1 million Americans are spending more than half their income on rent and utilities, a study from Harvard's Joint Center for Housing Studies says. A chart showing the rising number of renters spending more than 50% of their income on rent. AdvertisementAre you a renter who spends a significant portion of your income on rent who would like to share your story?

Persons: — Organizations: Harvard, Harvard's, for Housing Studies, Service, Census Bureau, Joint Center for Housing Studies, Center for Housing Studies of Harvard, Cea Weaver, Justice, New York Times

☆ The housing market is heating back up. But only a small percentage of new homes are fully-built.
▼ + stars: | 2024-01-25 | by ( Filip De Mott | ) www.businessinsider.com time to read: +2 min

Read previewNew-home sales rebounded in December, rising 8% as homebuyers rushed to take advantage of falling mortgage rates, US Census Bureau data shows. But while consumers appear eager to re-engage with the housing market, new purchases don't mean an immediate move-in for some. This decline from 8% peak levels in October was spurred by bets that the Federal Reserve would start cutting interest rates. Of that, new homes took on a bigger share of the inventory, as high mortgage rates kept homeowners from selling. Still, NAHB's CEO Jim Tobin separately expects construction and demand to take off in 2024, once consumers realize ultra-low mortgage rates aren't coming back.

Persons: —, homebuyers, Skillington, Jim Tobin Organizations: Service, Business, Federal Reserve, National Association of Homebuilders

☆ The housing market will take off in a 2024 renaissance as construction, demand are set to surge, National Association of Home Builders CEO says
▼ + stars: | 2024-01-19 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +3 min

Read previewThe housing market is about to exit its slowdown and take off in a new growth period, according to National Association of Home Builders CEO Jim Tobin. AdvertisementThat's partly because mortgage rates have continued their steady decline in recent months. At the same time, prospective buyers are likely warming up to the new norm of 6% mortgage rates, and could be readying themselves to jump back into the housing market, he said. "I think that the world is getting ready to realize that we're no longer going back to those 3%-4% mortgage rates. Improving affordability conditions could cause home sales to jump 5% while home prices decline 1% in 2024, according to Redfin.

Persons: —, Jim Tobin, Tobin, Freddie Mac Organizations: Service, National Association of Home Builders, Business, Yahoo Finance, Mortgage, Association . Housing

☆ Even wealthy Los Angeles residents are moving to (slightly) cheaper cities and mansions out of state
▼ + stars: | 2024-01-15 | by ( Dan Latu | Kelsey Vlamis | ) www.businessinsider.com time to read: +6 min

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

☆ Resistance training key to long-term health, experts say
▼ + stars: | 2024-01-15 | by ( Melanie Radzicki Mcmanus | ) edition.cnn.com time to read: +8 min

Strength training, whether performed with weights, bands, machines or your own body weight, is important for your long-term health. In the same study, nearly 60% of participants said they did no strength training at all. Exercise researcher Dr. Tommy Lundberg, author of “The Physiology of Resistance Training,” says strength training is most important for people older than age 65. CNN: Why is strength training important for good health? Resistance training is the only means to effectively maintain or even increase your muscle mass.

Persons: Martin Puddy, Tommy Lundberg, ”, Eva Malm, Tommy Lundberg Lundberg, Lundberg, Darrin Klimek, it’s, It’s, Melanie Radzicki McManus Organizations: CNN, US Centers for Disease Control, American, of Preventive, National Health, Karolinska Institute, Resistance, Bank, Getty Locations: Solna, Sweden

☆ A Florida boomer said he 'can't move back to California fast enough' due to better weather and a calmer lifestyle
▼ + stars: | 2024-01-15 | by ( Noah Sheidlower | ) www.businessinsider.com time to read: +7 min

Prevesk moved to Florida in 2018 for a business opportunity after his mother died. The constant heat and "disingenuous" lifestyle he's experienced in Florida have pushed him to look for residences in California once again — and he's willing to pay up. He knew as a kid that moving to Florida or California would be the goal. Still, neither Florida nor California has given him the sense of community he had in New York. AdvertisementIn addition to Southern California, Prevesk is also potentially looking to move to Colorado or Utah for their nature and similar cost of living to Florida.

Persons: —, Steve Prevesk, Prevesk, I've, California Prevesk, he's, He's, staters, haven't Organizations: Service, Sarasota, Business, Santa Monica, Studio Locations: Los Angeles, Western New York, Florida, California, —, Miami, Tampa, Orlando, New York, Sarasota, Studio City, Santa, Southern California, Prevesk, Colorado, Utah

☆ A millennial moved from Georgia to a Seattle suburb. She said her job pays nearly twice as much, and the weather is ideal.
▼ + stars: | 2024-01-06 | by ( Noah Sheidlower | ) www.businessinsider.com time to read: +7 min

Read previewCaroline, 29, was tired of making $40,000 a year as an academic librarian in a suburb of Atlanta. The people are younger and quieter in Bremerton, the Seattle suburb in which she lives with her husband, and the weather is an improvement, she said. Nearly 5,600 made the move from Georgia to Washington, a particularly popular destination for California movers. Both Caroline and her husband landed union jobs, which she said were very rare in her part of Georgia. Advertisement"Coming from Georgia, I was usually the most introverted person in every room, whereas out here, that's not true," Caroline said.

Persons: —, Caroline, Peach State Caroline, she's, that's Organizations: Service, Business, Census, Peach State, Finances, Seattle Locations: Atlanta, Georgia, Seattle, Washington, Bremerton, Florida , Texas, North Carolina, California, Pacific, West, Cartersville, In Georgia

☆ Some Gen Zers can't believe a $74,000 salary is considered 'middle class'
▼ + stars: | 2024-01-05 | by ( Geoff Weiss | ) www.businessinsider.com time to read: +3 min

A recent Newsweek survey indicated Gen Zers didn't consider a $74,580 salary "middle class." AdvertisementAn Orlando real-estate agent sparked a conversation on TikTok after sharing a survey that suggested Gen Zers didn't consider a $74,580 annual salary "middle class," in contrast with how older generations answered. Even still, Smith suggested $74,000 was much higher than the average Gen Zers' salary. AdvertisementCorrection: January 4, 2024 — An earlier version of this story misidentified the salary in the Newsweek survey. The figure, which applied mostly to millennials, not Gen Zers, was removed from the story.

Persons: Zers didn't, —, Gen Zers didn't, Freddie Smith, Gen, Gen Xers, boomers, Smith, Zers, TikTok Organizations: Newsweek, Service, Census Bureau Locations: midsize

☆ US millennial women are now more likely to die in their late 20s and early 30s than any generation since the World War II era: report
▼ + stars: | 2023-12-12 | by ( Matthew Loh | ) www.businessinsider.com time to read: +4 min

AdvertisementBaby boomer and Gen X women, meanwhile, saw a respective 6 and 4.4 suicides per 100,000 women when they were aged 25 to 34. While White millennial women saw suicide rates decline, young Black, American Indian or Alaskan Native, mixed-race, and Hispanic women experienced increases. AdvertisementBut millennial women also are faring better in the economyThe decline in safety among millennial women comes despite their improved financial and education status compared to generations before. At least 43.6% of young millennial women in the US have graduated college — a record level in modern history. That's compared to 28% of Gen X women and 22% of baby boomer women who graduated by the time they turned 34, the report said.

Persons: —, boomer, Black, Gen, PRB, Gen X, Sara Srygley, X Organizations: Service, Business, Washington DC, Bureau, Statistics, Centers for Disease Control, Census Bureau, Labor Department, Center for American Women, Rutgers University Locations: American

☆ People are fleeing California. Here's where they're plotting to move to.
▼ + stars: | 2023-12-04 | by ( Jordan Pandy | ) www.businessinsider.com time to read: +3 min

San Francisco, Los Angeles, and San Diego residents are looking to move to Las Vegas and Seattle, Redfin found. Some parts of California are losing residents due to the high cost of living, politics, and crime. Bob Giramma, a 63-year-old business owner, moved away from San Diego and landed in Murfreesboro, Tennessee , a town 30 miles southeast of Nashville. Now residents of some of the most populous cities in California — Los Angeles, San Diego, and San Francisco — are eyeing other cities, according to home-listings site Redfin, which tracks where its users are house-hunting. Allan BaxterPeople looking to move out of San Francisco, Los Angeles, and San Diego, Redfin additionally found, are most often searching for homes in Las Vegas and Seattle.

Persons: Redfin, —, Bob Giramma, Giramma, Francisco —, Allan Baxter, relocators, Andrew Arevalo, he's, Arevalo Organizations: Service, Census Bureau, Business, California —, Las, Los, Denver Locations: California, San Francisco , Los Angeles, San Diego, Las Vegas, Seattle, Murfreesboro , Tennessee, Nashville, Tennessee, Texas, Arizona, Florida, Oregon, Colorado, California — Los Angeles, Francisco , Los Angeles, —, Vegas , Nevada, San, Los Angeles, Washington, Nevada, Millennials, Las, Vegas

☆ Meet the typical DINK: They have over $200,000 in the bank and aren't paying for pricey childcare
▼ + stars: | 2023-12-04 | by ( Juliana Kaplan | ) www.businessinsider.com time to read: +1 min

Their ranks are only growingA millennial couple moving into their new home. Getty ImagesDINKs are not a huge share of the population, but they've been on the rise. Among unmarried couples, that figure is slightly up from 2019, per ACS , when 4.4% of the population was cohabiting couples not living with a child under 18. That's higher than the one in 10 women who were in the same boat as of 1976. And 16.5% of adults 55 and older were childless as of 2018.

Persons: they've Organizations: Getty, Survey, US

☆ The wealth of middle class and lower-income Americans grew at faster rate than high earners early in the pandemic
▼ + stars: | 2023-12-04 | by ( Tami Luhby | ) edition.cnn.com time to read: +3 min

The median wealth of lower-income households shot up 101% between December 2019 and December 2021, while the middle class enjoyed a 29% increase. High earners had a median net worth of $803,400 in December 2021, while the middle class and lower-income households had nest eggs of $204,100 and $24,500, respectively, Pew found. Half of these households had a net worth of $500 or less in December 2021, compared to a net worth of $0 two years earlier. Poorer Hispanic households had a median net worth of $0, compared to a negative net worth of $1,100 at the end of 2019. Other government reports show that lower-income Americans lost ground in 2022.

Persons: Pew, ”, Rakesh Kochhar Organizations: CNN, Pew Research Center, Pew, Census Bureau Locations: White

☆ Why are real estate commissions 6%? – and why that’s about to change
▼ + stars: | 2023-12-03 | by ( Anna Bahney | ) edition.cnn.com time to read: +9 min

Many thought the internet would eventually kill the 6% real estate commission. Even as the ranks of stockbrokers and travel agents have dropped in recent years as commissions petered out, the number of real estate agents has grown and their typical commissions are bigger than ever as home prices have risen. That is largely because of the power of the National Association of Realtors, an influential lobbying group that represents 1.5 million real estate agents. How real estate commissions workHome sellers are usually on the hook for their real estate agent’s commission as well as for paying the agent that represents the buyer. Real estate agents will tell you commissions are negotiable — and they are.

Persons: Sellers, ”, Jordan Barry, “, Tiffany Hagler, won’t, Babiracki Barlow, “ we’ve, Vasi Organizations: DC CNN, Kansas City, Brookings Institution, stockbrokers, National Association of Realtors, University of Southern, National Association of Real, Exchanges, NAR, Association, Geard, Bloomberg, Getty, realtors, Agents, MLS, Department of Justice, DOJ, California Association of Realtors, New, Real, Board Locations: Washington, New York City, University of Southern California, Larchmont , New York, Boston, New York, New York —, York

☆ Here's where boomers are retiring to
▼ + stars: | 2023-11-30 | by ( Noah Sheidlower | ) www.businessinsider.com time to read: +3 min

Clearwater, Florida, topped SmartAsset's new list of where baby boomers are moving. All but two cities in the top 10 were in Florida, Arizona, or Nevada, though one was in Montana. Four of the top 10 cities — as measured by boomers who moved in 2022 as a percentage of the total population — were in Florida. Nearly 30% of Cape Coral's total population are boomers, while Clearwater is 27%. Over 28% of Scottsdale's total population are boomers.

Persons: —, SmartAsset, Xers Organizations: Service, Survey, Cape Coral, Oceanside —, U.S . News Locations: Clearwater , Florida, Florida , Arizona, Nevada, Montana, Florida, Arizona, Nevada , Montana, North Carolina, Orlando, Cape, St . Petersburg, Coral's, Clearwater, Mesa, Scottsdale, Reno , Nevada, Lake Tahoe, California, Santa Rosa, Billings , Montana, South, Billings, Montana's, America, Pennsylvania, Harrisburg, Reading, Lancaster, U.S, Surprise, Fort Lauderdale

☆ US home prices hit another record high in September, rising for the eighth straight month
▼ + stars: | 2023-11-28 | by ( Anna Bahney | ) edition.cnn.com time to read: +3 min

Washington, DC CNN —US home prices continued to rise in September, hitting a new record high and marking the eighth consecutive month of increases, according to data released Tuesday. Even as mortgage rates lingered above 7% in September, historically low inventory continued to push up the price of a home. Prices rose 0.7% in September from the month before, according to seasonally adjusted data from the S&P CoreLogic Case-Shiller US National Home Price Index. Compared to a year ago, the national composite index also rose, with prices up 3.9% from September 2022, the data shows. Higher prices and higher mortgage rates led to crushing affordability challenges for homebuyers in September, bringing existing home sales to 13-year lows.

Persons: ”, Craig Lazzara, Dow, Charlotte ,, Hannah Jones, Jones Organizations: DC CNN, Dow Jones, Las, Realtor.com, homebuyers Locations: Washington, Atlanta, Boston, Charlotte, Charlotte , North Carolina, Chicago, Cleveland, Detroit, Miami ; New York, Tampa , Florida, San Diego, New York, Las Vegas, Portland , Oregon, Northeast, Midwest

☆ A millennial nurse who moved from Tennessee to California said his new state is much more working-class friendly: 'I genuinely didn't know what a break was when I moved to California'
▼ + stars: | 2023-11-28 | by ( Noah Sheidlower | ) www.businessinsider.com time to read: +7 min

A millennial who moved to California from Tennessee said California is much more working-class friendly. He said he gets more protections and benefits as a nurse in California, as well as a higher salary. While housing prices are higher in California, he said many of his costs are cheaper than in Tennessee. California requires one nurse for every two intensive or critical care patients for instance, while Tennessee does not have state laws for these ratios. "I genuinely didn't know what a break was when I moved to California."

Persons: —, Matthew, Matthew —, they're, he's, hasn't, doesn't, Matthew didn't, you've Organizations: Service, Business Locations: California, Tennessee, San Francisco, San Diego, East, Texas, The California, , California

☆ 10 cities where millennials are moving
▼ + stars: | 2023-11-27 | by ( Noah Sheidlower | Jordan Pandy | ) www.businessinsider.com time to read: +5 min

One in four millennials moved to a different city in 2022, many for work or cost of living concerns. Nearly 17,300 millennials relocated to Cambridge in 2022, bringing the total percentage of millennials to 38% of the total population. Seattle and Sunnyvale, California, also saw comparable moves, as millennials who moved in 2022 made up about 12.5% of the total population for both cities. When looking at the top cities by percentage of total millennials compared to the total population, Jersey City, New Jersey, ranked first at 41.5%, followed by Seattle, Denver, and Austin. However, Port St. Lucie in Florida had the lowest rate of millennials moving in compared to the total population at 4.8%, followed by Brockton, Massachusetts.

Persons: —, Jaclyn DeJohn, millennials, Millennials, DeJohn, SmartAsset, Gen Xers Organizations: Cambridge, Service, Survey, Business, Harvard University, Massachusetts Institute of Technology, Intel, Nvidia, Lone Star State, Waco, Fort Hood, Fontana Locations: Santa Clara , CA, Seattle, Cambridge , Massachusetts, Santa Clara , California, Boston, Cambridge, Santa Clara, Silicon Valley, Santa Clara's, Georgia, Sandy Springs, Sunnyvale , California, Denver, Bellevue , Washington, Arlington , Virginia, millennials . Arlington, Hialeah , Florida, Arlington, Killeen , Texas, Austin, Jersey City , New Jersey, Port St, Lucie, Florida, Brockton , Massachusetts, Cities, California, Santa Ana, Moreno, Surprise , Arizona, Bend , Oregon, Scottsdale , Arizona, Orlando . Florida

☆ Midwestern Cities Will Have Highest Winter Heating Bills, Study Finds
▼ + stars: | 2023-11-24 | by ( Eliza Relman | ) www.businessinsider.com time to read: +2 min

Residents of cities across the Midwest will be hardest hit by home heating costs this winter. A new study ranked US cities based on costs in relation to incomes, energy efficiency, and more. The study ranked heating expenses in the 500 biggest cities in the country based on several factors, including electricity and heating fuel costs relative to average income, home energy-efficiency, and things like weather and average home size and age. Cleveland and Flint have particularly energy inefficient homes, while Independence and St. Joseph ranked high on energy costs, the study reported. During the hot months, places like Florida and Georgia become the most unaffordable when it comes to HVAC costs, the study noted.

Persons: —, Joseph Organizations: Service, Midwest ., Midwestern, Puget, Census Bureau, Department of Energy, National Oceanic, Atmospheric Administration Locations: Midwest, Springfield , Missouri, Cleveland , Ohio, Independence , Missouri, Flint , Michigan, St, Joseph , Missouri, Midwest . Cleveland, Flint, Independence, Northeastern, Southern, Central California, Washington State, Florida, Georgia

☆ 20 metro areas with the highest share of home-price cuts in October, some in the $200,000s — plus 6 aggressive bargains buyers can ask for, according to 2 real-estate experts
▼ + stars: | 2023-11-22 | by ( Laila Maidan | ) www.businessinsider.com time to read: +4 min

The significant advantage to buyers is negotiating power, and if done right, it could help offset some of those higher mortgage rates. Below is a list of 20 metro areas with the highest share of home sellers dropping their listing prices in October. The data is based on the top 50 most populated areas as defined by the US Census Bureau. If they need to move by a specific date or need that cash, you can offer a quick closing. More than one-third — or 35% — of home sales in the three months ending October 31 included concessions to buyers, according to Redfin.

Persons: Shmuel Shayowitz, It's, Shayowitz, Dottie Herman, Douglas Elliman, Herman, Price Organizations: Competition, Business, US Census Bureau, Orlando, Phoenix, DC Locations: Redfin, Metro, Cincinnati, Indianapolis, Denver, Tampa, Portland, Antonio, Austin, Dallas, Minneapolis, Worth , TX, Jacksonville, Louis, Sacramento, Seattle, WA, Baltimore, Cleveland, Houston, AZ, Kansas City, Washington

☆ 'The consumer slowdown has begun': America's deteriorating shopping spree in 4 charts
▼ + stars: | 2023-11-22 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +5 min

According to Deloitte, the consumer spending slowdown is already starting. "The stellar US economic growth recorded in the third quarter was largely due to the strong growth in consumer spending. However, it is widely expected that consumer spending will decelerate in the holiday season, thereby putting financial stress on retailers and their suppliers." Spending intentions have plummetedThe negative trend in retail sales could continue, as spending intentions among Americans have plummeted over the past few months, according to Deloitte's spending intentions index. Americans' spending intentions are the lowest they've been all year.

Persons: —, Ira Kalish, Kalish Organizations: Deloitte, Service, Wall, Conference, Survey

☆ Markets are cheering the prospect of rate cuts next year, but it's a double-edged sword
▼ + stars: | 2023-11-18 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +5 min

But that's a tricky situation for investors, as cuts would likely come in response to a slowing economy. Rate cuts aren't inherently bullish and signs emerging that the economy is slowing into year-end. AdvertisementMarkets are cheering the possibility the Federal Reserve could begin slashing interest rates next year, but rate cuts are a double-edged sword, Wall Street experts are warning, because of what the move would signal about the broader economy. But rate cuts may not be the decidedly bullish catalyst markets are hoping for. AdvertisementMarkets have been eyeing a Fed rate cut to trigger a bullish rally in stocks.

Persons: —, we've, Paul McCulley, Chris Grisanti, We're, Claudia Sahm Organizations: Service, Reserve, Fed, CNBC, Mai Capital Management, Deutsche Bank, UBS, Atlanta Fed

☆ Inside the remarkably intricate planning for Biden’s meeting with Xi
▼ + stars: | 2023-11-14 | by ( Mj Lee | Kevin Liptak | ) edition.cnn.com time to read: +7 min

That included the timing and location of the summit, which is occurring amid a larger gathering of Pacific leaders in San Francisco. “China – normally, if they come to United States, they want everything. San Francisco and the Bay Area are home to one of the largest populations of Chinese or Chinese-Americans in the United States. One-fifth of the population of San Francisco has Chinese roots, according to US census data. “Chinese officials will want to project to their domestic audience that Xi is received by Biden with dignity and respect.

Persons: Xi Jinping, Joe Biden, Xi, Biden, ”, Victor Cha, San, Xi ”, Barack Obama, Donald Trump, Obama, Trump, –, Xi’s, Ryan Hass, John L, ” Hass, Wednesday’s, “ Organizations: San Francisco CNN, Beijing, CNN, White House, Center for Strategic, International Studies, APEC, Area, Biden, Communist Party, Trump, Mar, Thornton China Center, Brookings Institution, House Locations: San, United States, San Francisco, China, Asia, China American, California, Palm Springs, Beijing

☆ Opinion: Travis Kelce is happy to be Mr. Taylor Swift
▼ + stars: | 2023-11-14 | by ( Cristian Arroyo-Santiago | Opinion Jill Filipovic | ) edition.cnn.com time to read: +10 min

CNN —Taylor Swift and Travis Kelce are the couple of the hour. Jill Filipovic Courtesy of Jill FilipovicThey’re also a surprisingly positive relationship model for men and women alike. Finding love isn’t always easy for American women in a more feminist world, even as American women have become far better off. Fewer than a quarter of single men say they have a hard time finding a romantic mate who meets their expectations. Swift and Kelce are both fabulously wealthy, and money does make relationships easier — she’s now a billionaire, according to Bloomberg.

Persons: Jill Filipovic, CNN — Taylor Swift, Travis Kelce, Jill Filipovic They’re, Swift, Jason, Taylor, Travis, Gloria Steinem, —, Wives, Kelce, Taylor Swift, ”, they’re, It’s, ’ —, she’s Organizations: Twitter, CNN, Kansas City Chiefs, Chiefs, Philadelphia Eagles, Pew Research, Census, Pew, Survey Center, American Enterprise Institute, Bloomberg, NFL, ESPN, Sports, ” Sports Locations: New York, Kelce

☆ Middle-class movers are heading to these three cities in search of affordability
▼ + stars: | 2023-11-13 | by ( Jordan Pandy | ) www.businessinsider.com time to read: +6 min

Middle-class movers are choosing Las Vegas, Phoenix, and San Antonio as top destinations. It was the second-most popular destination for middle-class movers coming from out of state, the report said. While cities like Austin saw a surge in home prices, San Antonio has been able to maintain some of its affordability. AdvertisementAdvertisement"If you were to ask me, I'd still tell you San Antonio's more affordable than most cities in Texas," San Antonio real-estate agent Ricardo "Rico" Riojas, Jr. told Insider. San Antonio, Texas.

Persons: —, Andrew Arevalo, Getty Images Arevalo, Redfin, Arevalo, there's, he's, We've, Stephanie K, Dow, I'd, Ricardo, Rico, Riojas, Jr, Allan Baxter, San Antonio — Organizations: Service, Denver, Pew Research, Getty Images, MLS, Las Vegas, San Antonio, Getty, Austin Locations: Vegas, Phoenix, San Antonio, The Nevada, Arizona , Nevada , Florida, Texas, Sin, Colorado, Nevada and Colorado, Clark County, Las Vegas, Denver, California, Arizona, Phoenix , Arizona, San, . Texas, Austin, Antonio, Antonio , Texas

☆ A Florida boomer said he 'can't move back to California fast enough' due to better weather and calmer lifestyle
▼ + stars: | 2023-11-11 | by ( Noah Sheidlower | ) www.businessinsider.com time to read: +7 min

A boomer living in Sarasota, Florida, said he can't wait to move back to California. The former Los Angeles resident said Florida's weather and lifestyle have driven him to house hunt. Prevesk moved to Florida in 2018 for a business opportunity after his mother died. He knew as a kid that moving to Florida or California would be the goal. AdvertisementAdvertisementIn addition to Southern California, Prevesk is also potentially looking to move to Colorado or Utah for their nature and similar cost of living to Florida.

Persons: —, Steve Prevesk, Prevesk, I've, California Prevesk, he's, He's, staters, haven't Organizations: Service, Sarasota, Santa Monica, Studio Locations: Sarasota , Florida, California, Angeles, Los Angeles, Western New York, Florida, —, Miami, Tampa, Orlando, New York, Sarasota, Studio City, Santa, Southern California, Prevesk, Colorado, Utah

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