The Daily Money: Austin and Dallas are hot destinations for movers
Austin and Dallas are pulling in people from across the country.
The cities in the Lone Star State have emerged as the top two most popular destinations for movers among the nation’s 50 largest metropolitan areas, according to an analysis of the U.S. Census Bureau data by LendingTree.
In Austin, 39% of homeowners and renters reported moving into their current homes in 2019 or later. Dallas and Las Vegas took the second and third spots drawing 35% of movers during the same period.
Across the 50 largest metros, an average of 29% of homeowners and renters moved into their current place since in 2019.
Among homeowners, the most popular metro area were Las Vegas, Phoenix, and Tampa, with an average of 22% movers. For renters, Austin, Salt Lake City and Denver were the top choices with an average of 62% movers to these destinations.
Looking for hot ZIP codes? Check the suburbs
As offices call workers back the office, proximity to big cities is hot again. Suburbs within commuting distance of major metropolitan areas are back.
For the first time in five years, the suburbs of five major metropolitan areas – Boston, New York, Chicago, Detroit and St. Louis – are represented on the annual Realtor.com's Hottest ZIP Codes report.
Zoom towns, those far-flung places that became popular during the pandemic, are waning in popularity.
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Each weekday, The Daily Money delivers the best consumer news from Paste BN. We break down financial news and provide the TLDR version: how decisions by the Federal Reserve, government and companies impact you.