The Relocation Boom: San Francisco Leads the Charge as Remote Workers Seek Affordability
41,000 Californians searched for new homes on Redfin in Q4 2022.
San Francisco and LA were top cities for relocation.
Sacramento was the most popular destination for inbound searches.
Sacramento outperformed cities such as Las Vegas, Miami, and Phoenix.
San Francisco was the leading city of origin for relocations.
25% of Redfin users nationwide sought to move to new cities.
Elevated mortgage rates, high home prices, and economic instability were factors in the trend.
The median home price in Sacramento declined 15% to $530,000.
Placer County suburbs in the Sacramento area gained attention.
Roseville saw a significant increase in one-way truck rentals in 2022.
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