Phoenix has recognized it has a water crisis – and has even taken action to combat it – yet it, along with water-deficient Las Vegas, is the most migration popular destination for relocators, according to a new survey from Redfin.
Drought-stricken areas and areas that are proven targets for natural disasters – such as parts of Florida – are prime areas to relocate even though the threat of natural disasters intensifies. The thinking goes: they are more affordable areas than many coastal markets.
Overall, Redfin said, a record one-quarter (25.4%) of homebuyers nationwide are looking to move to a different metro area, up from 23% a year ago and less than 20% before the pandemic.
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