Summary
The article discusses how Texas, after a population increase during the pandemic, now sees a large number of people moving away, although many still move in from states like California, Florida, and New York. Kansas City, Missouri, ranks first among U.S. cities with the highest housing turnover rate. The high turnover is linked to reasons such as affordability, people cashing in on property equity, job relocations, and retirees moving.
Key Facts
- Texas experienced a population boom during the pandemic but now has high resident turnover.
- Four Texas cities are in the top 10 U.S. cities with high housing turnover.
- Kansas City, Missouri, leads with 45 sales per 1,000 housing units.
- Affordable home prices and cost of living contribute to Kansas City's high turnover.
- San Antonio, Texas, ranks second with similar sales figures.
- Job relocations and property equity cashing influence housing sales in Texas.
- Indianapolis, Indiana, and Las Vegas, Nevada, also feature high turnover rates.
- Dallas, Austin, and Houston are Texas cities with significant home sales activity.
