In NYC, people Are Voting With Their Feet!
Relocations in the 4th quarter of 2021 were near the pandemic peak according to research being done by Redfin users!
In Q4 2021 31.2%, and in Q1 2021 31.5% of Redfin users were looking into to moving elsewhere.
WHY Is New York City on the net outflow list?
The question goes to New York’s ‘leaders’…Why is New York number 3 on the list of cities people are looking to move out of?
Some thoughts include…
1) Cost of living,
2) Crime,
3) Quality of life,
4) Taxes,
5) Density,
6) Ability to work from home.
New York is at a crossroads, but it’s certainly not too late for the world’s greatest city.
Remember though that regardless of your political affiliation, elections have consequences.
Don’t just vote based on a political party letter designation, but vote the best person for a job!!!
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You’re Moving In To New York?
For those who are moving into New York (and they do exist), take a proactive look at the title insurance portion of the transaction, this incredibly important piece of ANY residential or commercial real estate purchase!
To examine the title costs for that New York residential property, using the free Hallmark Abstract Service Title Bill App you can do just that by clicking here and registering for free, https://hallmarkabstractllc.titlecapture.com/login.
If you want to understand more about title insurance and title insurance providers, please read the article…
‘Are New York Title Insurance Providers All The Same?’ here, https://www.hallmarkabstractllc.com/new-york-title-insurance/.
Hallmark Abstract Service…You Buy, We Protect!
Redfin report at Realty Times, Inc here, https://realtytimes.com/real-industry-news-articles/item/1044199-redfin-reports-the-share-of-homebuyers-looking-to-relocate-is-near-pandemic-peak.
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