The Big Apple Turned Rotten? Top 10 U.S. Cities Homebuyers Want To Leave in 2022

Across the nation, finding an affordable home seems more out of reach than ever before.

2022, the Year of Relocation

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With rising interest rates, high inflation, and other recession indicators, many are choosing to leave their current cities to relocate, according to a recent Redfin report.

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$1.5 Million Average

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With the average home in San Francisco and San Jose over $1.5 million and mortgage rates over 5%, a recipe for an extremely high payment. Many are simply saying no to this reality. Here are the top cities homebuyers are flowing out of in droves.

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San Francisco

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Net outflow Q2 2022: 48,718

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San Francisco Top Destinations

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Sacramento, CA and Seattle, WA

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Los Angeles

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Net outflow Q2 2022: 33,712

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Los Angeles Top Destinations

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San Diego, CA and Phoenix, AZ

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New York City

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Net outflow Q2 2022: 35,165

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New York City Top Destination

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Philadelphia, PA

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Washington, DC

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Net outflow Q2 2022: 24,492

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Washington, DC Top Destination

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Salisbury, MD

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Seattle

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Net outflow Q2 2022: 18,594

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Seattle Top Destination

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Phoenix, AZ

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Boston

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Net outflow Q2 2022: 12,493

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Boston Top Destination

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Portland, ME

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Detroit

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Net outflow Q2 2022: 7334

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Detroit Top Destination

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Cleveland, OH

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Denver

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Net outflow Q2 2022: 5635

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Denver Top Destination

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Chicago, IL

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Chicago, IL

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Net outflow Q2 2022: 4769

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Chicago Top Destination

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Cape Coral, FL

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Minneapolis

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Net outflow Q2 2022: 2795

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Minneapolis Top Destination

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Chicago, IL

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As a certified credit counselor, Max Marvelous has coached over 250 Millennials to help take the stress out of money. When Max is not coaching, you'll find him reading financial books, indoor cycling, or visiting local pawn shops looking for swiss-made watches.