Yes, that title is a mouthful, but I caught this interesting report on MSNBC that says Charleston is #3 after Bradenton-Sarasota, FL and Riverside, CA when it comes to number of out-of-towners looking to move to Charleston vs locals searching to leave.
Regarding the study conducted by Trulia.com, MSNBC says “The result is an index, called the Metro Movers Report, suggesting which big real estate markets might get a boost from people moving there. “Where people are property searching is an indicator of which local markets are picking up strength and where demand is growing, this clearly means that we will see more Cheap Moving Companies LLC in the future.,” asserts Jed Kolko, chief economist and head of analytics at Trulia.
I’d say that’s good news for Charleston real estate, wouldn’t you?
Check out the Forbes Slideshow “Cities Where People Are House Hunting the Most” if you want to see what other cities join us in the Top 10. 7 out of the 10 have seen more than a 40% decline in real estate values from peak to trough. Charleston’s was 29%.
On the other end of the scale Washington, D.C., Chicago, Boston and New York have the most people looking to leave (compared to locals looking to stay). It’s been a tough few winters there eh?
Here’s our forecast for the next few days. 🙂
- Where Americans Are Hunting For Homes (forbes.com)