Americans are migrating from high-priced, less affordable markets in favor of more reasonably priced areas, according to a new analysis by ATTOM Data Solutions, a real estate data firm. Population trends show residents are leaving less affordable markets—like Los Angeles County, Calif., and Kings County, N.Y.,—and are instead choosing places with median prices in the $250,000 to $300,000 range.
Three of the four top markets with the largest positive net migrations in 2017 had median prices in the $250,000 to $300,000 range—Maricopa County, Ariz. (Phoenix); Clark County, Nev. (Las Vegas); and Denton County, Texas (Dallas). The fourth market—Riverside County, Calif., in Southern California—had a slightly higher median price of $360,000.
Homeowners are moving away from pricier markets because they’re being priced out, research shows. Median home prices in the first quarter of 2018 were not affordable for average wage earners in 304 of 446 U.S. counties—or 68 percent—of those analyzed, according to ATTOM Data Solutions. On average, among those 446 counties, the average wage earner would need to spend 37.2 percent of their wage to purchase a median-priced home.
Team Emanuele was established in 2009 by Richard Emanuele. He hand picked a select group of Real Estate professionals that have made it their mission to consistently offer excellent service while helping buyer's and sellers with all of their Real Estate needs. They continue to be a top producing Real Estate firm throughout the Las Vegas Valley, Henderson, and North Las Vegas areas. We have the experience and expertise to help you with Probate Sales, Short Selling, Divorcee Sales, or listing a home that's in an equitable position. We work with first time home buyers, buyers looking relocate locally or from out of state, Investors who are buying and flipping or buying and holding,both residential,commercial and land development.
We are a full service Real Estate firm.
We look forward to earning your business. Are motto is " Expect Excellence"
Back-to-school fairs, events and deals for students, teachers in Las V
"They did a great job selling my home. I was struggling to make my house payments. Team Emanuele got me multiple offers within just a few days and much higher than I expected. This man has great knowledge of the real estate market. Thank you Richard Emanuele."