You've heard about people moving out of the Bay Area due to the fact that so many of us will be working remotely for the forseeable future. We can essentially live anywhere if working remotely is an option.
Experts are saying that the pandemic has, in a way, re-emphasized the value of home. Our homes are now the center of our lives (not the office) as it's where we've spent so much time over the past year. Many people are now looking for areas to live that suit our personal needs (and also offer a comfortable work-from-home environment) and in many cases, that means moving out of the Bay Area.
1 in 10 people have moved in the past year. Closer to home, San Francisco came in 5th as a top metro area for outbound moves, showing most residents have moved to Seattle, WA, Austin, TX, and Portland, OR.
When it comes to moving TO San Francisco, most people are coming from Chicago, New York and Washington DC.
We should also note, there are a lot of people here in the Bay Area that are also moving out of our bigger cities like San Francisco and to the suburbs in the Bay Area.
Here's the full list of out-of-state and into-state moves according to Zillow:
Top destinations/ top origins
Movers from SF: Top 10 Destinations
New York, NY
Movers to SF: Top 10 Origins
New York, NY
Los Angeles-Long Beach-Anaheim, CA
The reality of it all is that there just aren’t enough people moving in to offset the number of people moving out of the region.
Do you know anyone that moved out of the Bay Area? Where did they move to?
Carolyn McArdle talked about it on the air. Listen below...