Which state is the top pick for movers?

When people move between markets, what factors influence their choice?

Which state is the top pick for movers?
Housing affordability and job availability are some of the factors that entice pre-movers to move between markets or move up within markets, according to a new housing index by ATTOM Data Solutions.

In ATTOM’S first Pre-Mover Housing Index, cities in Colorado, North Carolina and South Carolina topped as the first-quarter markets with the highest pre-mover indices.

Using an index above 100 – above the national average and indicative of “an above-average ratio of homes that will likely be sold in the next 30 days in a given market” – Colorado Springs, Colo., scored the highest pre-mover index with 251, followed by Charleston, S.C., with 225 and Raleigh, N.C., with a score of 225.

On the other hand, the cities with the lowest pre-mover indices were San Francisco, Calif. (22), Providence, R.I. (38), and Hartford, Conn. (42).

“The first quarter pre-mover data reinforces that home buyers in 2017 are more likely to be moving to markets — or moving up within markets — that still have relatively affordable housing inventory along with access to jobs,” said Daren Blomquist, senior vice president at ATTOM Data Solutions. “The pre-mover data also shows a similar migration toward affordability at the county level within some higher-priced markets such as New York, Seattle and Southern California, where the highest pre-mover indices show up in counties that tended to be lower priced but further out from urban centers. One exception to that pattern was Washington, D.C., where the highest pre-mover indices for the first quarter tended to be in higher-priced counties.”

Related stories:
Trading up homes can be difficult in today’s housing market