Richest Cities Where No One Wants To Move

Richest Cities Where No One Wants To Move: Many Americans still refrain from buying homes in some of the most expensive cities in the country. While house prices fell by 23% on average in the major cities, as the housing crisis began, many buyers in the fall was not enough. On the basis of a new report released by Trulia, 24/7 Wall St. has identified urban areas that people want to drive less.

Trulia ranked the 100 largest cities in the Metro Movers of their report, which compares the number of internet search for local residents looking to buy somewhere else with the number of out of town buyers looking for property in the region. According to the report, a report of two means that twice as many searches of homes of people seeking to leave the area to move, not all cities will move to have the ratio greater than two.

Cities that attract buyers experienced a moderate decline in housing prices since the beginning of the crisis, in particular, due to their high value of the house. Consequently, house prices in these areas should continue to fall, and buyers are waiting until they do. Not all cities will move to one of the most expensive homes in the country. Newark and Washington, DC, two cities in twice as many people who want to leave this move in the study, are among the top 10 high cost houses in the country. Housing prices in these cities fell to the national average, and next year is expected to fall.