California residents are moving away in droves due to high housing costs, with those who relocate saving an average of $672 per month on housing expenses. This trend is driven by unaffordable median home prices and rents that far exceed national averages, making it financially advantageous for many to seek more affordable locations. Developers should watch for continued migration patterns as the cost of living in California remains prohibitive for growing families and middle-income earners.
Read the full article at Realtor.com Blog
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