There’s been lots of talk, especially in Silicon Valley, about the high cost of living driving people out of the area. Though housing inventory is staying at record low levels major companies are continuing to plan and build additional campuses generating tens of thousands of additional jobs. So while there may be some people leaving, especially for other tech hubs likes Seattle, Austin and Silicon Beach in LA, we still see a substantial number of people moving here and consequently continuing pressure on housing inventory and a resulting increase in home values.
We think the attached picture showing where people are moving from and to across the country is pretty interesting.
If you’re thinking of cashing in and moving out let us know. We have a large network of some of the best agents in the business across the US and Canada, and a few other countries too. Or if you know someone moving here we’d love to help them navigate this crazy market and make their transition as smooth as possible.