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
The results from the FBI crime statistics are in, and Henderson Nevada made the 2012 list of the top 20 safest cities to live in the United States. Statistics took into account the size of the population vs the number of violent crimes, including rape and murder. Ironically, in 2008 Henderson also mad...
Colorado recently changed their state laws to allow residents to legally grow their own marijuana for personal recreational use. And now one enterprising Colorado real estate firm is taking advantage of the laws to form a new specialty - marijuana real estate. Talk about going green! I just noticed a post from a Color...
Gross Domestic Product, the broadest measure of economic activity, climbed to a more normal 3.1 percent in the second quarter, up from 1.2 percent in the first quarter. Home loan rates bounced around due to tensions with North Korea, debt ceiling debates and devastating hurricanes, but they remained just above all-tim...
The Nevada Partners & Culinary and Bartenders Housing Partnership has placed over 560 union families into homeownership since it was created in 2008 and provided approximately $4,000,000 in down payment assistance and closing costs. Key Elements of the Program Include: 1. The down payment assistance loan up...
We'd like to formally introduce you to our brand new "team member" Mia Johnson, daughter of Las Vegas Realtor Brandon Johnson and his wife Alicia, who was born on March 27th at 10:02 pm weighing in at 8 pounds even. We believe in training our agents right from the cradle, so Mia will be able to show homes, write contra...