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
The Share of Homebuyers Looking to Relocate Is Near Pandemic Peak
Nearly one-third of Redfin.com users looked to move away from their hometown in the fourth quarter, close to the record high set in the first
1 in 10 Homebuyers & Sellers Say Climate Risk is Main Reason For Move: Redfin Survey
About half of homebuyers and sellers cite climate-related risks as at least one reason for their move. Roughly half have spent at least $1,000 to
Movers Flock to Miami, the Most Popular Migration Destination for 4th Straight Month
Homebuyer interest in moving to a new metro area remains elevated above pre-pandemic levels, with roughly 30% of Redfin.com users looking to relocate, as remote
Most Recent Movers Think Climate Change Will Impact Their Area
63% of people who moved during the pandemic believe climate change is or will be an issue in the place they now live. Homeowners were twice as likely as renters to have researched climate issues before moving.
Share of Homebuyers Looking to Relocate Dips Slightly in October
30% of Redfin.com users looked to move metros last month, down from 32% at the start of 2021 but still above the 26% share we
34% of Recent Movers Live In Single-Income Households, Up From 29% Before the Pandemic: Survey
More than three-quarters of respondents report feeling happier after relocating. More than one-third (34%) of people who moved during the coronavirus pandemic live in a
