The cost of living and home ownership and burdensome taxes are driving homeowners out of California to beautiful and less expensive and regulatory Arizona. Kathryn Vogel of CNN Money reports that California home owners are fleeing in a November 7, 2017 article.
Scottsdale, Arizona is beautiful with wide open spaces to explore & only 6 hours to the Pacific Ocean
Why? Vogel states, "California's housing market is one of the most expensive in the nation, with a median home price of $428,000 across the state. Prices have shot up 71% since 2011....Of the five priciest housing markets in the country, four are in California, according to the latest data from the National Association of Realtors. San Jose tops the list with a median home price of $1 million. But incomes just haven't kept up with the home price bonanza for many people -- particularly for the working and middle class. Despite strong job and wage growth, the Golden State has been losing residents for years and could be facing a shortage of middle-wage workers, according to a report from Beacon Economics released in March... Plus, California is still a magnet for foreign buyers, who tend to be more affluent...So that means less teachers, fire fighters, retailer workers. It's causing the entire state to become more expensive.... To help make life more affordable, residents are trading the beaches and nice weather for states with more affordable housing markets and a lower costs of living. Places like Arizona, Texas and Nevada..."
Are you ready to move? Ask me about Arizona homes for sale or Scottsdale homes for sale.
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