CHARLOTTE — Some realtors say Northerners or those living on the West Coast who are flocking to the Carolinas are having a strong ripple effect on the real estate market.
National moving companies are tracking which states are experiencing the strongest exodus as well as those seeing the largest influx of newcomers. A study from United Van Lines said the top five states that people are leaving are New Jersey, New York, Illinois, Connecticut and California -- all states with Democratic governors.
North Carolina also has a Democrat as governor, but with a more business-friendly climate and milder weather than most of those aforementioned states. It is currently the sixth most popular place for people to move to.
South Carolina ranked as the second most popular place to move to.
The top inbound states of 2020:
- South Carolina
- South Dakota
- North Carolina
Transplants like Brian Scopinch said they have an upper hand in a hot market.
”We landed on a new construction,” Scopinch said.
He lives in the Hamptons but will soon be trading the waterfront community for North Carolina.
”We’re trying to grow our family (and) get a family home. In New York, it’s very difficult to do that. I do work remotely, so I have the flexibility to move down there and keep my job there,” Scopinch said.
Securing a spot in the Carolinas hasn’t been easy, though. The competition is stiff and it took Scopinch and his wife three months just to get on a waiting list for new construction.
”We know it’s a very desirable place right now,” he said. “Especially being from New York, a lot of New Yorkers are going down there.”
The top outbound states for 2020 were:
- New Jersey
- New York
- North Dakota
Realtor Stewart Corchiani said she has seen an increase in calls from out-of-state buyers and that most of them are buying property sight-unseen.
”It’s driving the prices up. It’s making cash so important because they have so much equity in their houses and they’re moving down here and our prices are so reasonable. It’s kind of hurting the local people,” Corchiani said.
WTVD contributed to this article.
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