Housing Market News
Migration
Austin Was the Most Popular Destination for Redfin.com Users Looking to Move to a Different Metro in the Fourth Quarter
A record 30% of Redfin.com users looked to move to a different metro in the fourth quarter, a 16% uptick from the same time period
Survey: One-Third of Homebuyers Would Relocate If Remote Work Becomes Permanent; One-Third Already Have
Pandemic-driven relocation is likely to continue throughout 2021. Twenty-seven percent of homebuyers believe migration will make the country less divided, but the same share believe
Austin Is Attracting Twice As Many Out-of-Town Homebuyers As Last Year
Nationally, a record 29.4% of Redfin.com users looked to move to another metro in October and November. Sacramento, Las Vegas, Phoenix, Austin and Atlanta were
There’s Been a 70% Uptick in Redfin.Com Users Looking to Relocate to Sacramento and Las Vegas Since Last Year
There has been a 50% increase in the number of people looking to leave New York and Los Angeles since last year. Nearly 29% of
Redfin Survey: 1 in 4 Americans Want to Live Somewhere Else Due to Their Local Government’s Pandemic Response
Fifty-three percent of Americans are uncomfortable with the idea of moving to a big city, up from 39% before the pandemic. Twenty-six percent of Americans
91,000 More People Moved Into Arizona than Out Last Year, Helping Tilt it Blue
People moving from expensive states like New York to the more affordable Atlanta area may be one factor tipping Georgia in Joe Biden’s favor. California’s
Coastal Migrants Boost Las Vegas Home Prices, Up 8% in August, Amid High Local Unemployment Rate
People moving in from expensive cities and locals with pandemic-driven changing needs are contributing to rising home prices and fast sales in Las Vegas.
Sacramento Was the Most Popular Migration Destination in July, With More Than Half of Home Searches From Buyers Outside the Area
The coronavirus pandemic is exacerbating the trend of moving from expensive coastal areas like San Francisco and New York to affordable inland places like Sacramento, Phoenix and Las Vegas.
More than 27% of Homebuyers Are Searching Out of Town, with Phoenix, Sacramento and Las Vegas the Most Popular Destinations
Redfin agents say the coronavirus pandemic is accelerating migration because it’s causing homebuyers to rethink what they want in a home, with preferences for more space, both indoor and outdoor.
A Record 27% of Homebuyers Are Looking to Relocate, as Pandemic Accelerates Trend Toward Affordable, Less Dense Areas
The coronavirus pandemic may be accelerating migration patterns that were already in place: Movement away from high-priced coastal cities to affordable inland areas like Phoenix, Sacramento and Las Vegas.
As Remote Work Continues, Bay Area Homebuyers Hone In on Oakland and Other Suburbs
San Francisco homebuyers are now considering farther-flung suburbs in the Bay Area, where they can get more space for less money, as remote work becomes the norm in the age of coronavirus.
Post-Pandemic Migration from Expensive Cities Likely As 1 in 4 Newly Remote Employees Expect Work-From-Home to Continue
The sudden shift to remote work, brought on by the coronavirus shutdowns will accelerate a major migration away from expensive coastal cities.
