California Residents Flocking To This New York State Area

The mortgage rates are insane here in New York State and across the country. However, the housing market in New York State may offer more in terms of inventory and opportunity than in other states like California.

The summer is almost here and while some are making road trip or camping plans, others are working on their next move!

A recent study showed that there is a large number of residents of New York who are leaving for other states. Higher taxes and the weather, along with politics and job opportunity, have driven families to other states.

But for some, the dream of living in New York State is still alive and the ideal location still seems to be near The Big Apple of New York City. But just what location seems to be the biggest draw for folks from California?

In an article posted May 2022, Barron's reported that BROOKLYN has become the place to be.

Patch.com also reports that:

Since the onset of the pandemic, California has lost a significant number of residents who have relocated to New York’s similarly high-cost boroughs of Manhattan and Brooklyn.

But is now the right time for the move? There are some who say the market is slowing and that could mean better prices are coming soon. That may increase the buyers from California who have waited for some of the prices to drop.

As far as affordable housing for those in New York State, New York's Governor has a plan in place that aims to build more homes!