October 13, 2022 | San Francisco Exodus

Tens of thousands of people are fleeing San Francisco, due in large part to the city’s problems of increasing crime and homelessness, U.S. Census data and local polling shows.

San Francisco County lost 6.7% of its population, or 58,764 residents between April 1, 2020, and July 1, 2021 – according to a March 2022 report from the Census Bureau.

 More residents want to leave S.F.  than other regions

The latest American Housing Survey from the U.S. Census Bureau shows that about 18% of San Francisco residents plan to move from their home in the next year.

As reported in my Timing Letters, this helps to explain why the SF Bay Area has had the weakest housing market in California since 2018.

Despite the bill board ads, nearly half of those SF respondents say they plan to move to a different city, which is the largest share of any major metro included in the data.

The Seattle metro had the second-highest share of residents planning to move to another city at 7.2%.

Robert Campbell October 13th, 2022

Posted In: The Campbell Real Estate Timing Letter

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