Homebuyers Are Fleeing Big Cities as Prices and Unemployment Rise: Here's Where They're Headed
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Homebuyers Are Fleeing Big Cities as Prices and Unemployment Rise: Here's Where They're Headed
"In spring 2025, New York City, Boston, and Chicago landed on the top 10 list of least popular cities for the first time due to high housing costs."
"In Chicago, 72.1% of online home shopping traffic went to listings outside the city, marking a 26% increase from 2019."
"Boston saw 72% of listing views directed out-of-market, a 24.7% increase in outbound interest compared to previous years."
"The median home price in Boston reached $854,974, a 42% rise during the period analyzed."
Housing costs and job prospects are diminishing the appeal of major cities like New York City, Boston, and Chicago. In a 2025 report, these cities ranked among the least popular urban areas in the U.S., with Chicago seeing 72.1% of home shopping traffic directed outside the city. This marks a notable increase since 2019, reflecting a shift in local preferences toward more affordable locations. Boston experienced similar trends, with a reported surge in outbound home shopping interest amid rising median home prices, which reached $854,974.
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