Size Matters

To homebuyers, that is [View in browser]( Proprietary Data Insights Top Stock Searches This Month Rank Name Searches #1 Tesla 1,270,404 #2 Apple 815,187 #3 Eversource Energy 761,259 #4 Meta Platforms 750,350 #5 Amazon 694,307 #ad [Wall Street Doesn’t Want You to Know About Them]( Source: [National Association of Realtors]( In a housing market where it’s all about scoring a deal or saving a few bucks, this graph says a lot. The average distance homebuyers moved from their previous residences skyrocketed to a record 50 miles after ranging consistently between 10 and 15 miles for decades. What gives? With housing just off all-time highs in major metropolitan areas (cities and inner suburbs) and mortgage interest rates stubbornly stagnating around 7% (the 30-year is at 7.25%), there’s even more motivation to hit the outskirts (small towns and rural areas) to ease the personal financial pain. Plus, the flexibility of remote work for some renders being close to the office insignificant. - In 2022, just 49% of people purchased a home in the central city or suburb versus 64% in 2021. - On the flip side, 48% bought in a small town or rural area in 2022 compared to just 32% in 2021. Exactly how much can you save moving from a more to less expensive area (even if it’s not all the way out in the boonies)? The Juice has the cash-crunching data. Brought to you by [The Spill]( [Your one-stop shop for FREE stock picks.]( Searching for the right stocks to buy is exhausting. At The Spill, we have you covered with daily rankings and expert analysis – direct to your inbox. [Sign up today.]( Housing Size Matters Key Takeaways: - You can save considerable cash by downsizing. - Like all things real estate, how much comes down to location, location, location. - Surprise, surprise: You can save most in the SF Bay Area, with significant savings in other major metros. Nationally, homeowners can save an average of roughly $196,000 by downsizing from a four- to two-bedroom home. As is often the case for all things housing, the San Francisco Bay Area takes the cake: [savings] Source: [StorageCafe]( - Downsizing from four to two bedrooms in San Jose (part of the Bay Area) can save homebuyers an average of $777,426. - In San Francisco, it’s an almost as impressive $563,113. The calculation considered the price difference between the larger and smaller properties, property tax savings over 10 years, and buying/selling closing costs for the transactions. [prices] Source: StorageCafe While the aforementioned migration from city/suburb to small town/rural area prevailed in 2022, historically, the more typical moves are from city to suburb, more to less expensive city, and more to less expensive suburb. Back in the day, we all knew somebody who moved from Manhattan to Brooklyn or San Francisco to Oakland so they could buy a home. With these secondary cities becoming expensive over the years, this trajectory might not be as much of a thing, but it can still generate meaningful savings. - Sliding across the Bay Bridge from SF to Oakland can save, on average, a whopping $1.36 million. - From New York City (all five boroughs) to Jersey City, a not nearly as hot $163,000. - From Jersey City to Newark, $310,000. Super eye-opening numbers from Manhattan in a second. But first, a look at typical trajectories in another hot market – the Dallas-Fort Worth metroplex: [image] Source: StorageCafe Amazing. But sometimes it makes sense to maintain the status quo. For example, you’ll save the least – $98,000 – opting for a two-bedroom home over a four-bedroom one in Rochester, New York. Similar story in Ogden, Utah, and Tucson, Arizona, which both come in at $99,000. [Exclusive Q3 Report]( Every quarter, we compile data from millions of retail and pro stock investors’ searches across our vast network of financial publishers. We reserve these timely, actionable insights exclusively for our newsletter subscribers. This info can help you decide what to do in your portfolio – so you can protect the money you have and generate bigger gains. [Click here now to download the FREE TrackstarIQ Q3 2022 Report.]( The Bottom Line: Earlier this year, The Juice [highlighted]( the cost difference between two adjacent Buffalo, New York, neighborhoods – Elmwood Village and Grant Ferry. So we’re feeling sort of vindicated looking at today’s data. Here’s the key: To save, you don’t always have to downsize to an entirely different setting. Maybe you love city living and don’t want to go suburban, small town, or rural. If so, consider neighborhood-level variations. For example, check out the incredible savings for moves within Manhattan: - Moving from a four- to two-bedroom in the West Village can save you an average of $4.5 million. - Cut your living space in half in the Flatiron District and you can save about $4 million. Sometimes we overreact to the scary headlines. But you don’t have to leave your preferred locale to save a buck. You might be able to make a quick cross-neighborhood or crosstown move rather than one that takes you into an entirely different setting. In future installments of The Juice, we’ll highlight more examples across U.S. cities. News & Insights Freshly Squeezed - [11 Best Restaurant Stocks to Buy Today]( - [Investor Alert: 3 Investment Trends for 2023 & Beyond]( - [Black Knight Mortgage Monitor: Home Prices Declined in September; Down 2.6% Since June]( - [Walgreens Push into Comprehensive Care Picks Up Momentum]( [We want to hear from you! Let us know your thoughts by clicking here]( # [submit to reddit]( [submit to reddit]( [submit to reddit]( [submit to reddit]( To ensure delivery of all emails, [allow us on your list](. Update your email preferences or unsubscribe [here](. View our privacy policy [here](. Copyright ©2022 InvestingChannel. All rights reserved. 1325 Avenue of the Americas, Floor 27 & 28 New York, New York 10019 Disclaimer: This is not investment advice. This InvestingChannel, Inc. newsletter is for information purposes only and opinion-based. Futures, forex, stock, and options trading are not appropriate for all investors. There is a substantial risk of loss associated with trading these markets. Losses can and will occur. No system or methodology has ever been developed that can ensure returns or against losses. No representation or implication is being made that using any of these methodologies or systems will generate returns or ensure against losses. Investors should be cautious about any and all investments and are advised to conduct their own due diligence prior to making any investment decisions. [Link](