Californian emigrants aren’t all moving to cheaper housing markets

High housing costs have fueled an exodus from California in recent years — and many of those migrants are choosing to leave the Golden State to lay down roots in Sin City.

Las Vegas ranked as the most popular destination for people moving from city’s along California’s coast to non-California metropolitan areas, according to a new report from real-estate website Trulia. In total, more than 8% of people who moved out of California in the first quarter of 2017 chose Nevada’s most-populous city as their new home.

Also read:With no letup in home prices, the California exodus surges

And Las Vegas represents a logical choice for Californian emigrants given its warm climate and relatively low home prices — the median listing price as of March 2017 was just $260,000, versus the $720,000 average listing price in expensive California markets such as San Francisco and Los Angeles.

>>> Original Source <<<