Why a lot of people are moving out of California

california-emigration-780x439By Kathryn Vasel | CNN Money

A lot of people are moving out of California because they can’t afford to live there anymore.

For every home buyer coming into the state, there are three Californians selling and moving elsewhere, according to data analysis firm CoreLogic.

“There is clearly a relationship between the migration patterns and home prices,” said Sam Khater, deputy chief economist at CoreLogic. “The middle and lower middle can no longer afford to live in California.”

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