Home Buyer Migration Trends (Boise Ranked #1)Dec 14, 2019
Realtor.com has stayed on top of housing market trends coming into 2020. Currently up from #8 a year ago, Boise, Idaho tops the list at #1.
Looks like the migration continues. Homebuyers are flocking away from west coast states and into the smaller, more affordable markets. We address some of these causes, particularly in Idaho as part of our Idaho market report.
"McAllen, Texas, and Tucson, Ariz., ranked No. 2 and No. 3 on Realtor.com’s list. McAllen’s affordable home prices, combined with Texas’ favorable tax environment, have made the border city an attractive destination for home buyers looking to move. Tucson, meanwhile, has benefitted from an influx of retirees looking for warm weather and young adults looking to study at the University of Arizona or work for popular companies that have set up shop there like Amazon AMZN, +0.35% and Texas Instruments TXN, +0.50%." - Jacob Passy
"All but one of the cities projected to be among the 10 hottest housing markets in 2020 are located inland"
What's bringing them to Boise?
"Driving Boise’s climb up the Realtor.com ranking is the massive influx of new residents from pricier parts of the country — in particular, California. Many of these out-of-state buyers are drawn by the city’s mild climate, outdoor lifestyle, strong schools and its major employers, including HP HPQ, -0.15% and Micron Technologies MU, +0.46%." MarketWatch
This year alone, Boise saw an 11.1% increase in home prices, followed by Tucson, Arizona at 10.3%.