A new analysis from LendingTree concludes the Sunshine State, aka Florida, ranks as the number one destination among home buyers who were looking to move across state lines. The consumer lending company calculated its findings by reviewing more than two million new purchase mortgage-loan requests for primary residences in all 50 states in 2018. MarketWatch’s Jacob Passy has more details on the story below.
When the data was adjusted by each state’s population however, South Carolina ranked as the top destination, just ahead of Florida. There were 52% more mortgage loan requests from movers to the Palmetto State than would be expected based on its population.
Other states that saw the greatest influx of residents, not adjusting for state’s population, include Texas, California, Washington, Arizona, Massachusetts and North Carolina.
Most Americans opt to move to a neighboring state when they decide to move across state lines. In only 20 states was the top destination not a bordering state — and for 13 of those states, Florida was the most popular location among out-of-state movers.
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