Out-of-Town Moves Remain Popular As High Housing Costs Push Homebuyers to Affordable Areas
Redfin.com home searches in out-of-town destinations have dropped 4% from a year ago, compared with a 16% drop for searches near home. Migration is holding
As a data journalist at Redfin, Dana Anderson writes about the numbers behind real estate trends. Redfin is a full-service real estate brokerage that uses modern technology to make clients smarter and faster. For more information about working with a Redfin real estate agent to buy or sell a home, visit our Why Redfin page.
Redfin.com home searches in out-of-town destinations have dropped 4% from a year ago, compared with a 16% drop for searches near home. Migration is holding
New listings are down more than 20% from a year ago as homeowners hang onto low mortgage rates. That’s causing buyers to snap up homes
Gen Zers are tracking ahead of their parents’ homeownership rate: 30% of 25-year olds owned their home in 2022, higher than the 27% rate for
Despite high housing costs and a limited supply of homes for sale, many people are out house hunting. The typical U.S. homebuyer’s monthly housing payment
New listings of homes for sale are down 25% from a year ago, marking the eighth straight month of double-digit declines. That’s making it difficult
The number of people locking in mortgages for second homes dropped to its lowest level since 2016 in February and remained nearly as low in
Redfin.com home searches in out-of-town destinations have dropped 4% from a year ago, compared with a 16% drop for searches near home. Migration is holding
New listings are down more than 20% from a year ago as homeowners hang onto low mortgage rates. That’s causing buyers to snap up homes
Gen Zers are tracking ahead of their parents’ homeownership rate: 30% of 25-year olds owned their home in 2022, higher than the 27% rate for
Despite high housing costs and a limited supply of homes for sale, many people are out house hunting. The typical U.S. homebuyer’s monthly housing payment
New listings of homes for sale are down 25% from a year ago, marking the eighth straight month of double-digit declines. That’s making it difficult
The number of people locking in mortgages for second homes dropped to its lowest level since 2016 in February and remained nearly as low in