Housing Market News
Migration
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
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
Homebuyers Are Flocking to the Sun Belt, Attracted to Relatively Affordable Home Prices
The share of Redfin.com users moving away from their home metro is near its record high as 6%-plus mortgage rates and inflation cut into homebuying
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
