Housing Market News
Migration
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
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
Home Prices Are Soaring in America’s Most Popular Migration Destinations
Phoenix, Dallas and Orlando were the most popular migration destinations of 2021. But with home prices up roughly 30% in certain Sun Belt hotspots, some
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
