Housing Market News
Migration
Big Budgets From Out-of-Town Homebuyers Are Edging Out Locals in Popular Destinations Like Phoenix & Las Vegas
With a record share of Redfin.com home searchers looking to move to another metro, out-of-towners are making it difficult for local residents to win bidding
A Record 31% of Redfin.com Users Look to Relocate as Homebuyer Interest in Affordable Areas Intensifies
Phoenix is the most popular destination for Redfin.com users looking to move away from expensive coastal cities. Some out-of-town buyers are shifting their search from
Remote Tech Workers Moving From San Francisco to Las Vegas Would Have $40,000 More Disposable Income in Their New Hometown
Redfin’s migration affordability calculator shows that a move from Seattle to Phoenix would yield $12,000 more in annual disposable income for the typical tech worker,
Bend, Boise and Charleston Are Attracting Twice as Many Out-of-Town Homebuyers as Last Year Amid Pandemic-Fueled Migration
A record 31% of Redfin.com users looked to move to a different metro in January, driven by homebuyers relocating to relatively affordable metro areas. Nationwide,
Austin, Atlanta & Tampa Are Attracting Homebuyers From More Expensive Cities, Contributing to a Housing Supply Crunch
Twenty-eight percent of Redfin.com users looked to move to another metro area in 2020, up from 25.5% in 2019, driving double-digit inventory shortages in popular
Out-of-Towners Moving Into Nashville, Atlanta and Austin Have More Than 30% Bigger Homebuying Budgets Than Locals
Out-of-towners have bigger budgets than locals in 31 of the 34 cities included in this analysis, and they’re driving up home prices. The average housing
Santa Barbara, Louisville and Buffalo Have Soared in Popularity With Out-of-Town Homebuyers Since the Pandemic Began
A record 29% of Redfin.com users looked to move to a different metro area in the third quarter. Santa Barbara has grown the most in
New York’s Loss is Florida’s Gain: Redfin.Com Users Leaving Expensive States Picks Up With Pandemic
Nearly 53,000 more Redfin.com users looked to move out of California than into it in the third quarter, a 62% increase since the third quarter
Redfin Survey: 16% of U.S. Residents Would Consider Leaving the Country if Their Candidate Loses, Up From 9% in 2016
And one-quarter of respondents said they would want to move to a different state if the Supreme Court increased states’ rights. Sixteen percent of Americans
Migration May Contribute to a 51,000-Voter Swing For Democrats in Arizona
Movement from costly West Coast cities has likely factored into the uptick in registered Democrats in Arizona and Nevada, while wealthy retirees moving to Florida
Sacramento, Austin and Phoenix Are the Most Popular Destinations For People Searching For Homes Outside Their Metro Area
Remote work is accelerating the trend of migration away from expensive places like New York and San Francisco toward relatively affordable inland areas.
Affordable Areas Outside Big Cities Are Heating Up the Fastest As the Pandemic Changes Homebuyers’ Priorities
Relatively inexpensive areas outside major cities—like El Dorado County, just east of Sacramento, and Camden County, across the river from Philadelphia—are gaining ground with homebuyers as New York City and San Francisco lose steam.
