Housing Market News
Migration
Out-of-Towners Moving to Austin Spend $22,500 More on Homes Than Locals
Homebuyers who relocated to Austin during the pandemic paid an average of 7.8% above asking price, versus 3.7% above asking price for locals. This Redfin
Interest in Relocating Remains Elevated, With Nearly 1 in 3 Redfin.com Users Looking to Move to a Different Metro
Phoenix, Las Vegas and Sacramento are among the most popular destinations as remote work allows people the freedom to move from expensive job centers to
More Than 31% of Homebuyers Are Looking to Move to Another Metro, With Pandemic-Driven Migration Pushing Up Prices in Popular Destinations
Phoenix, Austin and Sacramento were three of the five most popular migration destinations in May, and they’re also among the top five metros with the
Eight out of 10 People Who Relocated During the Pandemic Are in a Similar or Better Financial Position Post-Move
About two-thirds of surveyed Redfin.com users who moved to a different metro over the last year have the same or lower housing costs; almost as
The Wave of Pandemic-Era Relocations Continued in April, With Nearly 31% of Homebuyers Looking to Move to Another Metro
The swell of relocations eased slightly in April from the first quarter, when 31.5% of Redfin.com users searched for homes in a different metro area.
For Low-Tax States, Four People Move In For Every One Person Who Leaves
The trend is reversed in high-tax states, where an average of 2.5 people leave for every one person who moves in. One in five homebuyers
Homebuyers Are Looking to Relocate to Affordable Areas–Especially in Florida–Amid High Rates, Prices
The share of Redfin.com users looking to move to a different metro area is near its record high as high rates and prices up the
Pandemic Boomtowns Phoenix and Miami Have Among the Highest Inflation Rates in the U.S.
The inflation rate in Phoenix, which attracted scores of out-of-town homebuyers during the pandemic, is more than double the inflation rate in the Bay Area,
Nevada and Arizona Lost Democrats But Gained Independents as Californians Moved In During the Pandemic
Many Americans who were pushed out of pricey California moved to Nevada or Arizona in search of more affordable housing, perhaps registering as unaffiliated with
Homebuyers Are Looking to Move to Sacramento, Miami and Other Relatively Affordable Places as High Rates, Inflation Cut Into Budgets
Surging mortgage rates and persistently high home prices are motivating many of the buyers who remain in the market to relocate to more affordable areas,
Americans Flocked to Red and Purple Counties in Key Senate-Race States During the Pandemic
Pandemic-fueled migration to red and purple counties in key states has made them somewhat less white. Increasing diversity could swing some of those purple places
Nearly Two-Thirds of Homebuyers and Sellers Are Hesitant to Move Somewhere With Climate Risk: Survey
62% of people who plan to buy or sell a home in the next year are reluctant to relocate to a place at risk of
