Housing Market News
Migration
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.
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.
