As it turns out, homeowners in storm-battered Houston aren't selling their homes in nearly as large numbers as people from certain high-tax blue states, which are facing higher taxes thanks to the Trump tax plan. To wit, ATTOM Data Solutions has published an index that purports to show areas where Americans are moving away en masse. According to their rankings, blue-state Nevada and Delaware are the two states that will see the largest outflows of families in the immediate future. They're followed by Florida, Colorado and Virginia.
To achieve its scores, ATTOM bases its "pre-mover" housing index on its own trademark calculation: The ratio of homes that will, by ATTOM's estimation, likely be sold in the next 90 days compared with the total number of single family homes and condos in a given area. To arrive at its sales estimate, ATTOM analyzes home-loan data that's reported by banks.
Of the 118 metropolitan areas analyzed for its report, Colorado Springs, Colo., Manchester-Nashua, New Hampshire, El Paso, Texas, Washington DC and Orlando Florida had the highest "pre-mover" rankings.
More
That's interesting because the opposite seems to be true in Richmond,VA. The market is on fire in the city.
ReplyDelete