Cities Homeowners Are Fleeing (and Where They're Going)

Several major U.S. cities are experiencing homeowner declines due to high housing costs and cost of living. Residents are moving from Philadelphia to Salisbury, MD; Seattle to Spokane or Phoenix; Denver to Chicago; Detroit to Washington, D.C.; Chicago to Cape Coral, FL; Boston to Portland, ME; Washington, D.C. to Salisbury, MD; New York City to Miami; Los Angeles to Las Vegas; and San Francisco to Sacramento or Seattle. High median home prices drive these shifts.