Below is a report published in the Daily Real Estate News showing that Nevada is among the top five states Americans are moving to. But statistics in January show that single family home listing inventory, which usually increases about 10% after the December holiday season, has actually DECREASED an additional 10% in the Las Vegas market. This means many prospective buyers are unable to purchase property in a timely fashion to accomodate their move, and they are deciding to rent while pursuing their housing search. This has spiked rental rates in the Valley, making ownership of investment property here even more desirable.
Report: The States People Are Most Moving To, From
The place with the highest number of people moving in rather than leaving: Washington, D.C., according to a new report by the moving company United Van Lines.
“Corporations have been steadily expanding in Washington, as more companies -- especially defense contractors, banks, pharmaceuticals and health care providers -- open branch offices to be closer to the federal government, which is the source of much of their revenues,” CNNMoney reports about the study.
Here are the top five areas that had the highest number of people moving in last year, according to United’s study:
- Washington, D.C.
- North Carolina
- South Carolina
On the other hand, the states that had the highest number of people leaving -- that is, the most moves out -- are:
1. New Jersey
3. West Virginia
4. New York
5. New Mexico
Meanwhile, internationally, Germany was the top spot for Americans to move to abroad, followed by the United Kingdom. Many of the moves from the United States to Germany were U.S. military-related moves, according to United.
Of foreigners migrating to the United States, the most were likely to arrive from the United Kingdom, followed by Germany and Australia.
"[The] international migration study offers a unique perspective into what is happening with overall migration patterns to and from the U.S.," says Rich McClure, CEO of UniGroup Relocation, United's parent company. A majority of United’s international moves are corporate relocations.
Team Leader, The Tonnesen Team
Berkshire Hathaway HomeServices, Nevada
3185 St Rose Pkwy #100 Henderson, NV 89052
With over 30 years of experience helping families call Las Vegas "home!"
Related Blog Posts
Monday August 20th, 2018 First Time Home Buyers, For Buyers, Move-Up Buyers, Rent vs. Buy Every three years, the Federal Reserve conducts their Survey of Consumer Finances in which they collect data across all economic and social groups. Their latest...
Rising home prices are pushing more people to rent that at any time in more than 50 years, according to a new report. A new analysis of Census Bureau data by the Pew Research Center found that more US households are headed by renters than at any time since at least 1965, according to a MarketWatch report.“The to...
Typically winter months have a higher number of housing bargains due to stressful weather conditions and lack of competition, with February coming out on top as the month with the most housing deals. In fact, a recent study by Attom Data Solutions looked at the sales of 50 million homes from 2000 through 2016 and...
Take a Tour of this beautiful home in Sun City Anthem in Henderson Nevada. Incredible views from the back yard of this beautifully maintained Delaware model. Crown molding, stylish fans in bedrooms, great room & kitchen. Freshly painted. Nearly new Bosch dishwasher. Laminate in bedrooms, neutral tile...
We know how important we are to the transaction — it's time everyone else knows too A vast majority of today’s consumers believe that selling real estate is an easy business. Many believe sites like Zillow provide all the information they need to locate the right house a...