Texas is biggest draw for ex-Californians
There was a whopping 653,551 Californians who left the state last year in search of greener pastures. According to data from the U.S. Census Bureau, the Golden State lost more residents to other states than any other.
Texas was the biggest recipient of California’s expatriates with 82,235 moves. This was followed by Arizona (59,713), Nevada (47,322), Washington (46,791) and Oregon (37,927).
Despite this mass exodus, California still drew 480,204 new residents from other states. Only Florida and Texas received more. Still, the number of newcomers to California from other states last year was at its lowest since 2011. There were 261,818 new California residents that came from other countries in 2019.
Meanwhile, conforming no-point 30-year fixed mortgage rates are averaging 2.875 percent and 15-year rates are near 2.375 percent.
Do you have a question for Real Estate & Mortgage Analyst Mehran Aram? Submit your queries about a home purchase, refinance, or reverse mortgage via Aramco.biz, social media (#AramcoReport), or over the phone at (866) 381-8888 and your questions may be featured in an upcoming article.
Texas was the biggest recipient of California’s expatriates with 82,235 moves. This was followed by Arizona (59,713), Nevada (47,322), Washington (46,791) and Oregon (37,927).
Despite this mass exodus, California still drew 480,204 new residents from other states. Only Florida and Texas received more. Still, the number of newcomers to California from other states last year was at its lowest since 2011. There were 261,818 new California residents that came from other countries in 2019.
Meanwhile, conforming no-point 30-year fixed mortgage rates are averaging 2.875 percent and 15-year rates are near 2.375 percent.
Do you have a question for Real Estate & Mortgage Analyst Mehran Aram? Submit your queries about a home purchase, refinance, or reverse mortgage via Aramco.biz, social media (#AramcoReport), or over the phone at (866) 381-8888 and your questions may be featured in an upcoming article.