Housing Market News
Migration
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.
A Third of Homebuyers Will Consider Moving to Another State if SALT Deductions Are Eliminated
Redfin surveyed nearly 900 homebuyers to understand how tax reform could impact their homebuying plans.
Top Migration Destinations Include Nation’s Most Active Metros for Residential Construction
For the First Time, Nashville Ranks among the Top 10 Migration Destinations, at #8
Migration Patterns Show More People Leaving Politically Blue Counties
The housing affordability crisis is driving residents out of the most Democratic counties.
Migration Report: Home Affordability Continued to Shape Migration Currents as Homebuyers Looked to Leave Expensive Coastal Cities in the Second Quarter
The Bay Area, New York and Los Angeles ranked highest for net outflow of home searchers.
Movement Out of California Was the Most Influential Driver of U.S. Migration Patterns in Early 2017
One in five Redfin users searched for homes outside their metro; Boston, Chicago and Seattle had the most loyal residents.
Fast-Paced Home Sales Present New Challenges and Opportunities for People Looking to Move in 2017
Fast-paced home sales can be both a curse and a blessing for repeat buyers
