“While this could mean people are looking to leave, a steady number of people are still looking in and keeping that ratio fairly constant,” she said. “With the net number of inbound to outbound searches remaining relatively steady, high-cost living in California is likely not going anywhere soon.”
Migration data in this report comes from the Longitudinal Employer-Household Dynamics (LEHD) origin and destination job characteristics data from the U.S. Census Bureau. This report focuses on the most recently released data, covering the first quarter of 2017. While this means that the data captures job-to-job moves specifically and may not capture the full picture of migration (e.g. those not in the workforce such as recent graduates and retirees) it spotlights moves that are economically motivated. We feel this is an adequate proxy for general migration trends.
Trulia listing prices are from March 2017 to reflect prices when people moved in the LEHD data, and search data covers the period from January 2016 to April 2018. Inbound searches are defined by searches to the metro of interest and outbound searches are defined by searches from the metro of interest. Searches include views of both for-sale and rental properties on Trulia.