Breaking News
  • Freddie Mac reports $354M net loss in first quarter

    Freddie Mac reported a $354 million net loss in the first quarter, significantly down from its $2.2 billion net income recorded in the fourth quarter of 2015. The news is a reminder of the GSE's net loss in the third quarter of 2015, which marked the first loss in four years. But despite the news, Freddie CEO Donald Layton remains positive on the results. Click the headline to find out why.

Lending

Californians most likely to move to...

Trulia: People migrate for jobs, lower density, housing

New York night aerial

More people are moving away from the major cities of New York and Chicago in favor of the South or West when it comes to between-metro moves over 500 miles, Trulia said in its latest report.

(source Trulia, click for larger image)

Trulia

The real estate website analyzed data from the U.S. Census Bureau on how many people moved between counties in the U.S. from 2008 to 2012 and found that people are gravitating toward lower density areas, more jobs and cheaper housing.

Although personal reasons like family play into where people move, Trulia explained that there are still clear patterns to migration.

Nearly half, 49%, of between-county moves are less than 100 miles, and the majority of the top 10 between-county moves favor the suburbs and the Sunbelt.

(Source Trulia, click for larger image)

Trulia

Trulia noted that with the exception of the three moves that are the reverse flow of a higher-ranked move, all of the top 10 between-county moves are from a higher-density county to a lower-density county – in other words, to a less urban, more suburban county.

Reprints

Services Guide

Comments powered by Disqus