I know one couple who moved out in 2003, to Oregon. But they hated the rain, and came back this year. They made a killing on their house when they sold, and are now renting, waiting for the market to go down further.
The other couple moved to Phoenix. They hate the heat, and want to come back. They bought and can’t sell. Their house has been on the market 5-6 months.
Both couples moved in 2003, but the couple going to Oregon was about 6 months ahead. Their timing proved to be very lucky. I suspect the couple who moved to Phoenix may just end up staying there if they can’t get what they want for their house.
