More Americans are flocking to the states in the south with Florida and Texas topping the list of where they’re very likely to relocate to, as outlined by a new analysis by LendingTree. LendingTree researched where residents in each state are looking to move by reviewing purchase mortgage loan requests for primary residents in every one 50 states from October 2016 to October 2017.
Florida is considered the number-one destination of movers in 18 of the 50 states, based on the analysis. Of all purchase mortgage requests, 9.14% were for consumers that were preparing to relocate to Florida.
Texas, meanwhile, had the largest percentage of residents attempting to move within the state versus outside of the state. Nearly 93% of purchase mortgage requests from borrowers in Texas were for properties within the state. The second most desired location having the highest percentage of residents attempting to move within the state was in Michigan, as reported by the study.
At the same time, Vermont contains the most residents that are looking into moving somewhere else.
A number of people who are preparing to move out of state don’t tend to go far, the analysis found. Over fifty percent of the most popular new designation states border the current state.
The top five destination states, as reported by LendingTree’s study, are:
1. Florida
2. Texas
3. California
4. Washington
5. Massachusetts, Minnesota, and North Carolina (tie)
Within the chart below, each state is shown having its preferred destination state, based upon purchase applications.
Most Desired Spot for Movers: The South
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