We are #24 on the Top 30 markets to be affected by the coronavirus, which is pretty far down the list – and we’re still relatively affordable when compared to other higher-end areas.
For those who are thinking of moving to a more affordable area and aren’t affected by the statistics, here are my favorites that still have a 2020 median SP under $300,000, in order of how they rank on the list:
Las Vegas – $283,000 (1st)
Miami – $275,900 (5th)
Orlando – $245,000 (6th)
Ft Myers – $235,000 (8th)
Fresno – $265,000 (12th)
Lakeland FL – $193,000 (13th)
Memphis – $145,000 (21st)
Jacksonville – $210,000 (25th)
Daytona Beach – $202,000 (26th)
Phoenix – $288,000 (28th)
And their surrounding suburbs might be an even greater value!
It always seemed to me that if ADUs were selling for $50,000 or less, there would be lots of interest. Literally the first one I ran into (below) at the Tiny Fest was priced at $50,000, and people were standing in line to experience this 8.5 ft x 30 ft home with kitchen and full bath (seen in right window).
I was a teenager, we lived in North Phoenix on the edge of the desert…..and now it’s the center of town! My thoughts and opinions of where I would move happen to mirror this guy’s list, so check these out (I’ve been to every place he mentioned). He has a bunch of other videos about moving to Arizona too!
Maybe more people would move if they knew the best job markets? From the wsj.com:
The two hottest U.S. job markets in 2019 were growing Southern state capitals with vibrant music scenes and an influx of technology jobs.
Austin, Texas, topped the list for the second consecutive year, according to a Wall Street Journal ranking of new data collected by Moody’s Analytics. Nashville, Tenn., jumped to the No. 2 spot from seventh. Both cities anchor metropolitan areas of around two million people. The Journal worked with Moody’s Analytics to assess the labor market in 381 metro areas. Each region was ranked on five metrics: the unemployment rate, labor-force participation rate, job growth, labor-force growth and wage growth.
Austin—a tech hub and college town—remains attractive to workers thanks to low unemployment and high wage growth. Nashville has low unemployment and high labor-force growth.
Apple Inc. is among companies bringing jobs to Austin. In 2019, it started construction of a $1 billion corporate campus with a capacity for up to 15,000 employees. It already has 7,000 workers in Austin. Amazon is building a campus in downtown Nashville with the goal of hiring 5,000 people, adding to the city’s growth spurt in recent years.
Denver moved up in the ranks to third place from ninth. Seattle and San Francisco also moved up to round out the top five large metropolitan areas.
Among smaller metropolitan areas, Boulder, Colo., beat out Midland, Texas, for the top of the list. Two other Colorado areas—Greeley and Fort Collins—made the top 10.
Two San Diego women have created an app for travelers that’s gaining a sizable following of nomadic young people living out of vans.
Inspired by a social media phenomenon, Breanne Acio, a former San Diego State University lecturer, and public relations worker Jessica Shisler teamed up in 2018 to pave the way for the drifter movement known online as “vanlife.” They created a mobile application, aptly called The Vanlife App, that’s just secured the two women spots in a competitive Techstars accelerator program for promising startups.
The app currently connects longterm travelers with one another while on the road, solving the problem of loneliness that weighs on this group of individuals. The downside of a nomadic lifestyle is that you have no community, Shisler said.
“You’re constantly in places you don’t know and around people you don’t know,” Shisler said. “You’re never a local.”
For those who haven’t heard of it, “vanlife” refers to a recent bohemian trend of people buying cargo vans, old ambulances, school buses and other boxy vehicles, and converting them into livable apartments on wheels (think of it as a do-it-yourself RV). Many vanlifers are also “digital nomads” who work remotely online, such as freelance writers, software developers, or content creators. With no strings tying them to specific cities or towns, they wander from destination to destination for months on end.
The number of people moving is half of what it used to be.
The gap between who’s left California by major van lines, and who’s arrived, is now at its widest in 13 years.
Every January three major van lines put out data on their state-to-state moving business. Such interstate moves by van lines are a shrinking migration niche for folks with deep pockets. Corporations have shied from paying the pricey tab for professional relocation services. Not to mention that Americans overall aren’t relocating like they once did.
Inbound moves: The state’s real problem. Americans may visit the Golden State, but don’t want to live here. So just 19,196 inbound van moves last year vs. 22,492 in the previous year — down 15%. Last year is 37% below the 16-year average. Census data for 2018 showed the total number of Californians arriving from other states was the lowest in five years.
Whether you move there or just buy rental properties, these are NAR’s hotspots:
In offering its list, NAR tracked ongoing data including domestic migration, housing affordability for new residents, consistent job growth relative to the national average, population age structure, attractiveness for retirees and home price appreciation.
The 10 markets that made the cut were, in alphabetical order: Charleston, S.C.; Charlotte, N.C.; Colorado Springs, Colo.; Columbus, Ohio; Dallas-Fort Worth; Fort Collins, Colo.; Las Vegas; Ogden, Utah; Raleigh-Durham-Chapel Hill, N.C.; and Tampa-St. Petersburg, Fla.
“Some markets are clearly positioned for exceptional longer term performance due to their relative housing affordability combined with solid local economic expansion,” said NAR’s Chief Economist Lawrence Yun. “Drawing new residents from other states will also further stimulate housing demand in these markets, but this will create upward price pressures as well, especially if demand is not met by increasing supply.”
“Potential buyers in these 10 markets will find conditions especially favorable to purchase a home going into the next decade,” added NAR President Vince Malta, broker at Malta & Co. Inc. in San Francisco. “The dream of owning a home appears even more attainable for those who move to or are currently living in these markets.”
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