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Posted on March 21, 2021

Four States Out of Seven State in the Northeast Have the Highest Outbound Migration

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Ridgewood NJ, two surveys from home listing provider Redfin, found that of their more than 1 million users, 27% searched for homes outside densely populated urban areas between April and May of 2020, the highest since they had begun recording migration data. This shift is being driven by several ongoing factors, the most recent being the pandemic, which eliminated many benefits of working in a global financial hub.(1) Additionally, 50% of Redfin’s users living in New York, Seattle, Boston, and San Francisco would be willing to relocate if they had the option of working from home permanently.(2) Especially attractive is Florida for its warmer weather, greater array of outdoor activities such as golf, and the lower taxes.(3) With the sudden surge in demand for these properties, even buyers who are acting quickly are getting into bidding wars.

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Posted on August 29, 2016 August 28, 2016

“I’ve Never Seen Anything Like This Before” – The Housing Markets In The Hamptons, Aspen And Miami Are All Crashing

by Tyler Durden
Aug 27, 2016 11:58 PM

One month ago, we said that “it is not looking good for the US housing market”, when in the latest red flag for the US luxury real estate market, we reported that sales in the Hamptons plunged by half and home prices fell sharply in the second quarter in the ultra-wealthy enclave, New York’s favorite weekend haunt for the 1%-ers.

Reuters blamed this on “stock market jitters earlier in the year” which damped the appetite to buy, however one can also blame the halt of offshore money laundering, a slowing global economy, the collapse of the petrodollar, and the drastic drop in Wall Street bonuses. In short: a sudden loss of confidence that a greater fool may emerge just around the corner, which in turn has frozen buyer interest.

https://www.zerohedge.com/news/2016-08-27/%E2%80%9Ci%E2%80%99ve-never-seen-anything-housing-markets-hamptons-aspen-and-miami-are-all-crashing

Posted on August 2, 2016 August 1, 2016

With 10 new Zika cases in Miami, CDC advises pregnant women to avoid Wynwood

BY DANIEL CHANG AND EMILY COCHRANE

Federal health officials on Monday advised pregnant women to avoid a Miami neighborhood— marking the first time the Centers for Disease Control and Prevention has warned against travel to any area within the continental United States — as a Zika outbreak in South Florida has led to 10 more local cases spread by mosquitoes.

The advisory extends to all expectant mothers, and women planning on becoming pregnant who have traveled to a one-square-mile area north of downtown Miami — including Wynwood, Midtown and the Design District — on or after June 15, said CDC Director Tom Frieden.