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Raleigh is a bit misleading since Durham is #2 for both inbound and outbound searches. Basically you could be looking to move across the street and be switching metros.
That said, NC State is the largest university in the state and lots of new graduates are looking to move out. That plus the influx of those coming for jobs, there is a strong bit of turnover in the rental market. I just think it’s probably a bit overstated simply due to the unique regional aspect.
Some of these figures are highly inconsistent with the actual population trends in the metro areas. For example, Orlando and Charlotte (on the outbound list) are growing considerably faster than New Orleans and Providence (on the inbound list). Searches may not necessarily reflect where people actually end up moving.
Apartment dwellers by nature tend to be transient in markets where a greater percentage of people can afford to be homeowners. It would seem to me that places like Raleigh and Austin have 2 different types of renters: 1) renters who eventually become homeowners, and 2) transient people who move from place to place. Data may correct me in this presumption, but I don't suspect that much of the new (expensive) rental supply in these places results in long term renters.
These particular metros attract a lot of early in career, well paid 20 somethings. I'd think that this group will follow the money in the early years of their careers to establish themselves in their STEM industries.
Some of these figures are highly inconsistent with the actual population trends in the metro areas. For example, Orlando and Charlotte (on the outbound list) are growing considerably faster than New Orleans and Providence (on the inbound list). Searches may not necessarily reflect where people actually end up moving.
It's also only renters and doesn't include people moving in that purchase homes.
Some of these figures are highly inconsistent with the actual population trends in the metro areas. For example, Orlando and Charlotte (on the outbound list) are growing considerably faster than New Orleans and Providence (on the inbound list). Searches may not necessarily reflect where people actually end up moving.
Providence is just a bunch of people from like Plymouth County looking for apartments in Bristol County. Or people from Norfolk County looking in Providence County rather than proper transplants. Just people looking like 3 towns over
Location: That star on your map in the middle of the East Coast, DMV
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Originally Posted by masssachoicetts
Dc makes sense for boston. The two cities with most intellectual property on the coasts. But lol.. virginia beach? Thats a bit weird.
Probably a cost of living thing for those wanting to stay on the Eastern Seaboard, but slow the pace down.
Va Beach's top three inbound searches are coming in from:
1. Baltimore 18.9%
2. Washington 15.9%
3. Boston 13.2%
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