Survey finds Californians looking for homes here in increased numbers
By Scott Orr | Daily Courier
A new survey by Realtor.com finds that people living in California are looking to move away from the high cost of housing, and Prescott, along with Phoenix and Las Vegas, are in their sights.
“Our research shows many California residents may have reached their breaking point,” said Danielle Hale, chief economist for Realtor.com. “Affordability is pricing them out of the California home market and many are searching for more affordable options in other areas. This exodus could help slow price appreciation in California, but potentially heat up prices and reduce inventory in surrounding markets.
“If this pattern continues, we could see Californians drive up home prices in parts of Phoenix, Las Vegas and Prescott,” she added.
