Trulia's Chief Economist Jed Kolko takes a deeper dive into the BLS' most recent employment projections to see where jobs will be in 10 years.
On February 1, the Bureau of Labor Statistics released its employment projections through 2020. Despite President Obama’s vision in his State of the Union speech of “an economy built on manufacturing,” the BLS predicts U.S. manufacturing employment will decline over the course of the decade even as the overall economy grows.
More specifically, manufacturing’s share of jobs will drop from 8.1 percent in 2010 to 7.0 percent in 2020.
Professional services, health care, and education are the broad sectors predicted to grow the fastest, along with a rebounding construction industry. Within those sectors, the fastest growing will be home health care services, individual and family health care services, and management/scientific/technical consulting services. Apparel and leather manufacturing will shrink the most.
What does this mean for individual U.S. metro areas? Although the BLS makes predictions for the nation, industry growth shapes local economies. If manufacturing jobs continue their long decline, cities that depend on manufacturing will continue to suffer more than others.
Most metro areas’ economies are skewed toward some industries and away from others. Los Angeles has movies, New York has finance, and Detroit has cars. Let’s say that the BLS is spot-on and each narrow industry grows just as fast until 2020 as they predict. The metro areas that should grow fastest will then be those where fast-growing industries are concentrated. Among the largest 100 metro areas, the big winner would be the Washington, D.C. area, thanks to its large share of professional services jobs. (Note that this analysis considers only private-sector employment predictions.)
At the other extreme, Greensboro, North Carolina, and other manufacturing centers in the South and Midwest would grow slowest between 2010 and 2020.
Below then is the BLS’s list of the top 10 U.S. metro areas (out of the top 100 largest metros) for projected job growth:
1. Washington-Arlington-Alexandria, DC-VA-MD-WV
2. Bethesda-Rockville-Frederick, MD
3. Colorado Springs, CO
4. New York-White Plains-Wayne, NY-NJ
5. El Paso, TX
6. Springfield, MA
7. Baton Rouge, LA
8. Tacoma, WA
9. Baltimore-Towson, MD
10. San Antonio-New Braunfels, TX
And the bottom ten metros (the first metro listed is projected to have the slowest growth):
1. Greensboro-High Point, NC
2. Gary, IN
3. Los Angeles-Long Beach-Glendale, CA
4. Grand Rapids-Wyoming, MI
5. Columbia, SC
6. Detroit-Livonia-Dearborn, MI
7. Cincinnati-Middletown, OH-KY-IN
8. Milwaukee-Waukesha-West Allis, WI
9. Oxnard-Thousand Oaks-Ventura, CA
10. Salt Lake City, UT
What is Los Angeles doing on the bottom 10 list? It’s dragged down by the expected carnage in apparel manufacturing and a projected small decline in movie industry employment.
The map below shows the predicted job growth for the largest 200 metros. The dark blue metros include Washington, D.C. and others with the highest expected job growth based on the industry projections. The mid-Atlantic states, Massachusetts, Florida and parts of Texas and the West all have metros where faster-growing industries are concentrated. The Midwest and the South, where manufacturing is concentrated, would have the slowest growth.

The good news for the metros on the bottom end of the BLS projections is that industry mix is not necessarily destiny. Looking back at the last decade (2000-2009), industry mix is a good but far from perfect predictor of actual metro job growth. Some metros do better than industry mix alone predicts, and some do worse.
New Orleans, for instance, had much slower job growth last decade than its industry mix would predict, thanks to Hurricane Katrina’s destruction. But metro performance often follows more predictable patterns. Even after taking industry mix into account, metros grew faster last decade if they had a milder, drier climate; a more educated workforce; and lower population density. A mild, dry climate attracts workers, which in turn draws businesses; a more educated workforce raises local productivity; and lower population density generally reflects a lower cost-of-living, including cheaper housing. (Density turns out to be a better predictor of job growth, statistically speaking, than housing prices. As the world has painfully learned, housing prices can fluctuate wildly, so housing prices at any one time might not be a great indicator of local costs over the long run. Density, in contrast, is fairly constant over time.)
The effect of climate and education on local growth should be no surprise – lots of academic and popular research has examined these and other factors. And even though unique and unpredictable events are, um, unpredictable, it’s a safe bet that metros with a nice climate and educated workforce will continue to outperform.
The effect of density might be a surprise. We know that density raises productivity and wage growth, and policies that limit density can stifle growth. Nonetheless, high-density places have slower job growth because high density comes with high real estate prices, which push many businesses and households elsewhere. Keep in mind, too, that high-density places tend to have both higher educational attainment and a more favorable industry mix (more professional services, less manufacturing) – so high density often goes hand-in-hand with factors that boost job growth. Still, holding all other factors equal, the data clearly show that high density places have slower job growth.
Combining the industry employment predictions with climate, education, and density gives us the full view of where the jobs will be in 2020*. Good climate and low density gives the South and Southwest a boost and knocks some big Northeast cities down. The 10 fastest and slowest job growth metros this decade now look like this:
| Top 10 Metros | Bottom 10 Metros |
| Phoenix-Mesa-Glendale, AZ | Detroit-Livonia-Dearborn, MI |
| Tucson, AZ | Milwaukee-Waukesha-West Allis, WI |
| El Paso, TX | Cleveland-Elyria-Mentor, OH |
| Las Vegas-Paradise, NV | Buffalo-Niagara Falls, NY |
| Colorado Springs, CO | Gary, IN |
| Albuquerque, NM | Los Angeles-Long Beach-Glendale, CA |
| Austin-Round Rock-San Marcos, TX | Grand Rapids-Wyoming, MI |
| Bakersfield-Delano, CA | Syracuse, NY |
| San Antonio-New Braunfels, TX | Providence-New Bedford-Fall River, RI-MA |
| Sacramento–Arden-Arcade–Roseville, CA | New York-White Plains-Wayne, NY-NJ |
Note: Top and bottom 10 out of 100 largest metros. The first metro listed on the bottom-10 list is projected to have the slowest growth of all 100 largest metros.
Southwestern metros now dominate the fastest-growth list, led by Phoenix, Tucson, and El Paso. The slow-growth club is all Northeast and Midwest, plus Los Angeles. Mild climate and low density mean that southern metros like Greensboro, North Carolina and Columbia, South Carolina, should grow faster than their unfavorable industry mix suggests, so they’re off the bottom-10 list when all factors are included.
The map below shows that employment growth will be fastest in the Southwest, Texas and parts of Florida and California. The South looks more blue than before, while the Northeast and Midwest are pretty solidly light and dark red. Turns out, metros with good climate, higher education and lower density tend, on average, to have a more favorable industry mix to begin with. But some metros blessed with industries that are likely to grow – like New York and Boston – will be held back by harsher weather and a higher cost of living. Other metros – like Phoenix and Las Vegas – should grow fast despite having concentrations of industries projected to grow more slowly.

Could these predictions be wrong? Of course. They probably will be, in fact. The BLS experts are forecasters, not psychics: some industries will grow faster nationally than they predict, and others will fall short. Weather, education or density could matter more or less this decade than last decade.
And surely there will be unpredictable factors that affect individual metros: even events far less dramatic than Hurricane Katrina can throw a city off its growth path. To underscore the uncertainty, I’ve purposely not included numerical growth predictions – those depend not only on how metros do relative to each other but also how the national and global economy fare, and I’m not going anywhere near those big questions.
But people looking to move for work or pleasure need some sense of where the growth will be this decade, and industry employment projections and other factors together give us a reasonable view into where the growth is likely to be. The decades-long shift of American jobs and people from the Rustbelt toward the sun will continue.
*For the econometrically inclined: I took the coefficients from a 2000-2009 metro-level regression (weighted by 2000 metro employment) of actual growth on industry-mix-predicted growth, % with at least bachelor’s degree, several climate variables, and log tract-weighed population density and calculated fitted values for 2010-2020 growth by applying the coefficients from the 2000-2009 model to industry-mix-predicted growth for 2010-2020, % with at least bachelor’s degree in 2010, log tract-weighed population density in 2010, and the original climate variables. In the regression, all variables are statistically significant at the 5% level, and the R-squared is .39.
(Originally published on The Atlantic Cities blog)
0 commentsMore than 1 in 3 home searches cross state lines. Trulia's Metro Movers report reveals where these house hunters are looking to move into and move out of.
About three months ago, the data geniuses at Trulia kick started a never before seen housing report that starts with where people live today and where they want to live tomorrow. We dubbed it the “Metro Movers Report” because it’s a quick-and-dirty analysis of house hunting activity between people living in one metro area and homes located in another.
Well, we’re going to revisit this study today (specifically looking at all the home searches on Trulia.com that happened in the last three months of 2011) and give you the inside scoop on where today’s house hunters are headed tomorrow.
Where’s Everyone Going?
We found that more than 1 in 3 home searches on Trulia.com cross state lines. So if that tells you anything, there’s a notable chunk of people looking to move really far away. Meanwhile, everyone else wants to stay somewhat close to where they live now.
To illustrate what we mean, we built a really cool map that shows you from where people are looking to move in and move out. Using San Francisco as an example, here’s how this maps works.
When you click on San Francisco and on the “Inbound Search” button at the top, San Francisco becomes highlighted in black and the top 10 metros with the most home searches to San Francisco are highlighted in blue. If one of the blue circles is abnormally big (relative to all the other blue circles), that just means there are many more home searches heading into SF from that metro than from others.
As you can see from the map pasted below, San Francisco is quite a draw to a whole slew of house hunters across America, namely from Los Angeles, New York, Washington DC, Chicago, Phoenix and Houston.

Meanwhile, if you were to click on New York and on the “Outbound Search” button at the top, you’ll see that New Yorkers looking to get out of New York and its surrounding suburbs prefer to head to Los Angeles, Atlanta, Miami or West Palm Beach.

Haven’t You Heard, Florida Is The Place To Be
Call us crazy, but there sure has been a lot of buzz about the Sunshine state and housing. Must have had something to do with the latest round of votes between the last two men standing in the race to find a Republican presidential candidate.
Well, it’s not just the Grand Old Party (GOP) that’s interested in Florida. Turns out, a LOT of house hunters have a quite the love affair with the bargain bin homes for sale throughout the state — especially if they live in the Midwest and Northeast. Believe it or not, one-third of all the home searches in Miami on Trulia.com are made by people living far, far away (think 500+ miles away). See for yourself.

But here’s an interesting factoid. Of the top 10 metro areas where there are more homes searches by out-of-towners looking to move in than home searches by locals looking to get out of dodge, 7 are in Florida. That’s right, there are more people looking to move to America’s retirement capital than leave. We kid you not.
| Where Demand Among Online House Hunters Is Strongest | ||
| # | U.S. Metropolitan Area | # of Inbound Searches Per Outbound Search |
| 1 | Palm Bay-Melbourne-Titusville, FL | 8.80 |
| 2 | Lakeland-Winter Haven, FL | 7.60 |
| 3 | North Port-Bradenton-Sarasota, FL | 6.62 |
| 4 | Cape Coral-Fort Myers, FL | 2.59 |
| 5 | Tulsa, OK | 2.48 |
| 6 | West Palm Beach-Boca Raton-Boynton Beach, FL | 2.46 |
| 7 | Fort Lauderdale-Pompano Beach-Deerfield Beach, FL | 2.44 |
| 8 | Riverside-San Bernardino-Ontario, CA | 2.43 |
| 9 | Charleston-North Charleston-Summerville, SC | 2.40 |
| 10 | Orlando-Kissimmee-Sanford, FL | 2.30 |
NOTE: The inbound-to-outbound ratio for a metro area divides the number of incoming property searches by out-of-towners by the number of outgoing property searches by locals looking to leave. A ratio of 2 means that there are twice as many home searches by people looking to move in than leave.
To check out all the cool trends that we uncovered this time around, click through the slideshow below.
To learn more, here’s the full press release.
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International house hunters have snapped up American homes left and right since the crash – but will Europe’s Financial Crisis put an end to this buying frenzy?
A few weeks ago, we worked with Bloomberg BusinessWeek to put together a list of the priciest homes sold in 2011. Lo and behold, the top three were bought by European billionaires (and their heiress daughters). Just see for your self:
1. Los Altos Hills Mansion
Sales Price: $100,000,000
Buyer: Yuri Milner, Russian tech billionaire

(Source: Google Maps image)
2. Central Park Penthouse
Sales Price: $88,000,000
Buyer: Ekaterina Rybolovleva, 22 year old daughter of Russian Billionaire Dmitriy Rybolovlev

(Source: Brown Harris Stevens)
3. Spelling Manor
Sales Price: $85,000,000
Buyer: Petra Ecclestone, 22 year old daughter of British billionaire Bernie Ecclestone

(Source: Google Maps image)
(HINT: To see more eye candy homes of the rich and famous, check out our sister blog, Trulia Luxe Living)
If you ask us, some people have way too much money to burn ’cause just thinking about the property tax for these homes is giving us heart burn! But honestly, it’s not that surprising. Last year, foreign homebuyers reportedly bought about $41 billion worth of homes on U.S. soil.[1] In fact, some experts have suggested that these buyers will help stabilize America’s housing market (though it will do little to bring about a full recovery).
America as Europe’s Piggy Bank
Now before we pin all our hopes on these international house hunters, we should probably take a closer look at what’s brewing across the pond. As you may have seen in the news, Europe is kind of a hot mess right now. How bad is bad? Well, let’s just say that Reuter’s finance reporter, Felix Salmon, has resorted to using Lego toys to explain what’s happening and why Europe’s financial mess is much worse ours – check out the video pasted below.
As for what really matters, we turned to our Chief Economist Jed Kolko (@jedkolko) for his thoughts on how Europe’s money woes will likely affect the U.S. housing market in 2012. Here’s what he had to say:
“As Europe’s financial crisis turns into a deeper recession, Europeans will spend less on nearly everything, including real estate. But for those Europeans who would still be in a position to invest, U.S. assets — including U.S. real estate — could turn out to be safer investments than European stocks, bonds or property.”
In other words, the financial crisis in Europe might actually encourage people to invest in U.S. real estate; however, it won’t be everyday Joe Shmoes trying buy a piece of the American Dream of homeownership. Instead, it’s going to be men and women of means looking for a safer place to store their money.
More Greeks Looking to Move (Their Money)
When we last looked at what the international house hunting community was up to, we found that most of the interest was coming from our neighbors up north (aka, the Canadians) and that Florida was the crowd favorite.
This time around, we decided to shine a spotlight on Europe in order to answer the billion dollar question – will Euros keep on flowing into the U.S. housing market or has that cash flow been capped?
To find out, we compared all the house hunting activity on Trulia.com that was coming from members of the European Union at the beginning of 2011 with what was happening at the end of the year. (And in case you were wondering, yes – we did our due diligence and normalized the data to make sure we’re looking at a genuine spike in interest). Next, we zeroed in on the top 10 Eurozone countries (aka the ones that use the Euro) that are doing most of the house hunting on Trulia.com and then ranked them based on who had the biggest spike in interest.
Where Interest in U.S. Real Estate Spiked Up or Dropped
| # | Country | 2011 Q1-to-Q4 % Change |
| 1 | Greece | 17.8% |
| 2 | Italy | 7.2% |
| 3 | Spain | 3.1% |
| 4 | France | -6.2% |
| 5 | Germany | -12.0% |
| 6 | Belgium | -14.3% |
| 7 | Austria | -14.4% |
| 8 | Finland | -15.7% |
| 9 | Ireland | -19.5% |
| 10 | Netherlands | -27.5% |
Well, well, well, so what do you know. Greece – which has often been referred to as the “patient zero” of the region’s current debt epidemic – came in first place with a 17.8% spike in interest. While there are probably a multitude of other contributing factors, this simple observation suggests that many of these Greek homebuyers aren’t just looking for a home away from home. Instead, they’re looking to take their money and fly the coop.
Making A Rainbow Connection
Just looking at the most popular U.S. metros being eyeballed by European house hunters will tell you that international cities (Los Angeles, New York and Miami) are on almost everyone’s top 10 lists.



Also, places with a TON of bargain bin homes are just as popular, if not more. Yes, we’re talking about you, Florida, Las Vegas and Phoenix, I mean, just look at the 20 most popular metro areas (as according to Europeans) – 10 of them are in one of these “sales rack” markets!
U.S. Metros Favored By European House Hunters
| # | U.S. Metros |
| 1 | Los Angeles, CA |
| 2 | New York, NY |
| 3 | Miami, FL |
| 4 | San Francisco, CA |
| 5 | Orlando, FL |
| 6 | Cape Coral, FL |
| 7 | Chicago, IL |
| 8 | Las Vegas, NV |
| 9 | Naples, FL |
| 10 | Fort Lauderdale, FL |
| 11 | Orange County, CA |
| 12 | West Palm Beach, FL |
| 13 | San Diego, CA |
| 14 | Washington, DC |
| 15 | Tampa, FL |
| 16 | Lakeland, FL |
| 17 | San Antonio, TX |
| 18 | Houston, TX |
| 19 | Atlanta, GA |
| 20 | Phoenix, AZ |
As for some of the other notable notables:
—–House hunters from the tiny island country of Cyprus have a thing for Michigan. Detroit, Warren and Kalamazoo made it on their top 10 list. Who knows, maybe Cypriots are just trying to find a home for sale on America’s only floating zip code (though highly unlikely as 48222 is just a 45-foot boat….now why does a boat have a zip code, you ask? Well, why not? What do you have against boats?!)
—–Austrians seem to be following in the footsteps of their former compatriot (us Californians know him as our ex-Governator, Arnold Schwartzenegger). Several Southern California cities made it on their top list, including Los Angeles, Orange County, San Diego and Riverside.
—–The Finns and Swedes – who live the furthest up north on the European continent – must be really be sick of the cold weather up there because they sure seem to love the homes in Florida. In addition to Miami, Cape Coral, Fort Lauderdale, Tampa, Naples and West Palm Beach also made it onto their top 10 lists.
[1] National Association of Realtors, April 2011
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Of all the cross-metro home searches happening on Trulia, 63% are for digs in Suburbia (err… lower density, more sprawling areas)
Taking a page from “Back to the Future,” the data geniuses at Trulia have created a never before seen housing study that starts with where people are today and gives you the inside scoop on where they want to live tomorrow. That’s right folks, we’re gazing into the future of housing demand and here’s what we see.
I’m Gonna Move to the Outskirts of Town
True or false – creating more jobs in an area means that more people will want to buy homes in that area. Believe it or not, the answer is false. While having a job will make a prospective homebuyer more willing to settle down, it doesn’t mean he or she will do so in the exact same place where they work.
Let’s face it, city living ain’t cheap and most people would rather get a better bang for their buck when it comes to real estate. Compared to big cities where rents are getting ridiculous and home prices are up the wazoo, suburbia offers cheaper living and a lot of more living space. As we shared in a previous post, 59% of all the home searches on Trulia happen outside a house hunter’s current metro area. Check out these top cross-metro searches…notice how close they all are?
|
Top 10 Cross-Metro Searches |
||
| # | FROM – Where People Are Today: | TO – Where People Want To Move Next: |
| 1 | Los Angeles-Long Beach, CA | Riverside-San Bernardino-Ontario, CA |
| 2 | New York-White Plains, NY-NJ | Long Island, NY |
| 3 | Orange County, CA | Los Angeles-Long Beach, CA |
| 4 | Dallas, TX | Fort Worth, TX |
| 5 | Los Angeles-Long Beach, CA | Orange County, CA |
| 6 | Detroit, MI | Warren-Troy-Farmington Hills, MI |
| 7 | New York-White Plains, NY-NJ | Newark, NJ |
| 8 | Newark, NJ | New York-White Plains, NY-NJ |
| 9 | Warren-Troy-Farmington Hills, MI | Detroit, MI |
| 10 | Washington DC-Northern Virginia | Bethesda-Rockville-Frederick, MD |
But before we move on, a couple of things worth noting here about these cross-metro searches– 56% are for homes where prices have dropped the most since the bust and 63% are for homes in the boonies (err…lower-density, more sprawling areas…to be more accurate).
House Hunters Loving Bargain Bin Homes Right Now
Trulia’s newly-minted Metro Movers Index is a simple way to know where people are looking to move and where they’re not. In a nutshell, we came up with this index by dividing all the house hunting activity by outsiders wanting to move to a metro area by all the house hunting activity by locals wanting to leave a metro. Index scores above 1 means there are more people wanting to move in than leave. Vice-versa, index scores below 1 means there are more people wanting to leave than move in.
To get an idea of which metro area will likely be losing residents and which one will be gaining, check out this heat map. Red means it’s bleeding and things aren’t looking good while blue means it’s the coolest kid on the block and everyone wants to head in that direction.

Now you’re probably wondering – which metro areas came out on top as the most popular and which ones aren’t looking so hot. More likely than not, the former is in Florida and the later is in our nation’s capital.
| Housing Demand Strongest in South and Southwest | ||
| # | U.S. Metropolitan Area | Metro Movers Index |
| 1 | North Port-Bradenton-Sarasota, FL | 6.03 |
| 2 | Riverside-San Bernardino-Ontario, CA | 4.36 |
| 3 | Charleston-North Charleston-Summerville, SC | 2.25 |
| 4 | Fort Lauderdale-Pompano Beach-Deerfield Beach, FL | 2.15 |
| 5 | Cape Coral-Fort Myers, FL | 2.09 |
| 6 | West Palm Beach-Boca Raton-Boynton Beach, FL | 1.99 |
| 7 | Fort Worth-Arlington, TX | 1.97 |
| 8 | Oxnard-Thousand Oaks-Ventura, CA | 1.92 |
| 9 | Las Vegas-Paradise, NV | 1.88 |
| 10 | Orlando-Kissimmee-Sanford, FL | 1.87 |
| Housing Demand Weakest in Northeast and Midwest | ||
| # | U.S. Metropolitan Area | Metro Movers Index |
| 1 | Washington-Arlington-Alexandria, DC-VA-MD-WV | 0.37 |
| 2 | Chicago-Joliet-Naperville, IL | 0.41 |
| 3 | Boston-Quincy, MA | 0.44 |
| 4 | Salt Lake City, UT | 0.44 |
| 5 | Louisville-Jefferson County, KY-IN | 0.45 |
| 6 | St. Louis, MO-IL | 0.46 |
| 7 | New Haven-Milford, CT | 0.47 |
| 8 | Little Rock-North Little Rock-Conway, AR | 0.47 |
| 9 | Kansas City, MO-KS | 0.47 |
| 10 | New York-White Plains-Wayne, NY-NJ | 0.49 |
New Yorkers and Chicagoans Bounded for Sunbelt States
Here’s some good news to the home sellers in the South by Southwest region of the country. Contrary to what you might think, it’s not just a seasonal dream for fun in the sun that’s drawing house hunters from the Northeast and Midwest. In fact, nearly all the top longer-distance homes searches from NYC and Chicago at the end of the summer were to major metros in the South and Southwest. But what’s even more interesting to note is that these searches rarely crossed paths.
New Yorkers preferred homes along the Atlantic coast of Florida, including Miami, West Palm Beach and Fort Lauderdale.

| # | Top Longer-Distance Outbound Searches From NYC |
| 1 | Los Angeles-Long Beach-Glendale, CA |
| 2 | Miami-Miami Beach-Kendall, FL |
| 3 | Orlando-Kissimmee-Sanford, FL |
| 4 | Atlanta-Sandy Springs-Marietta, GA |
| 5 | West Palm Beach-Boca Raton-Boynton Beach, FL |
| 6 | Fort Lauderdale-Pompano Beach-Deerfield Beach, FL |
| 7 | Tampa-St. Petersburg-Clearwater, FL |
| 8 | Chicago-Joliet-Naperville, IL |
| 9 | San Francisco-San Mateo-Redwood City, CA |
| 10 | Charlotte-Gastonia-Rock Hill, NC-SC |
Meanwhile, Chicagoans have a thing for Florida metros along the Gulf Coast in Tampa and Cape Coral as well as metro areas in Texas, Arizona and Nevada.

| # | Top Longer-Distance Outbound Searches From Chicago |
| 1 | Phoenix-Mesa-Glendale, AZ |
| 2 | Los Angeles-Long Beach-Glendale, CA |
| 3 | New York-White Plains-Wayne, NY-NJ |
| 4 | Tampa-St. Petersburg-Clearwater, FL |
| 5 | Atlanta-Sandy Springs-Marietta, GA |
| 6 | Cape Coral-Fort Myers, FL |
| 7 | Dallas-Plano-Irving, TX |
| 8 | Houston-Sugarland-Baytown, TX |
| 9 | Las Vegas-Paradise, NV |
| 10 | Orlando-Kissimmee-Sanford, FL |
To check out the full report, click through the SlideShare deck below.
Most house hunters want to fly the coop with 59% looking to leave their metro area.
As Dorothy once famously said while clicking her ruby red slippers, “there’s no place like home.” If there’s any truth to that statement, then why do people move away? Well, one of the top reasons is because of a house. According to the good old U.S. Census, more than 4 in 10 people moved between 2009 and 2010 for a real estate-related reason, such as upgrading to a bigger and better house. Beyond that, people also move for love (this includes getting married and breaking up) and work (we all got to bring home the bacon somehow, right?).
Given this, you would think that most people aren’t looking for a fresh start when they move, just a change of scenery. Surprisingly, that isn’t the case. When we dug into how far people want to move – by examining where people searching for a home on Trulia.com are today and where they’re looking to live tomorrow – we found that 2 out of 3 (59%) house hunters want to pack up and get out of dodge.
So now you’re probably wondering how far is “far” when people say they want to move far, far away? Well, check out this pie chart we made using the data from our study to find out (it is best viewed counter-clockwise).

Slice #1: Long distance moves (more than 500 miles) make up 23% of all the searches, which means that nearly a fourth of all the house hunters out there are looking for a pretty drastic change…as in goodbye San Francisco and hello New York City!
Slice #2: Regional long distance moves (less than 500, more than 100) aren’t nearly as dramatic, but are still a pretty big change, which is what 17% of house hunters are looking to do. If you’re familiar with the difference between NorCal and SoCal, it’s all California but practically two different worlds…as different as Mark Zuckerburg and Kim Kardashian.
Slice #3: Moving to a nearby city (less than 100 miles, different metro) is kind of like a local move but not. Imagine living and working in San Francisco – you’re just a walk or bus ride away from pretty much everything you’ll ever need and want, but you have a very tiny living space (on average, homes go for about $522 per square foot). Should you then move away to the suburbs in Pleasanton (a town on the outskirts of the SF Bay Area) and keep your job in the city, you’ll likely have more house than you know what to do with (we’re talking about an average $317 per square foot) along with a draining commute and a can-not-go-anywhere-without-a-car way of life. Be it for a bigger house or something else, about 19% of house hunters are looking to make this kind of move.
Slice #4: On the flip side, 41% of house hunters are lifers (someone who voluntarily lives and dies in the same place that they were born) or at least they seem like they’re going to be.
Question to all our wonderful readers: how far away did you go the last time you moved? Tell us in the comments below!
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