Housing Market News
Migration
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.
House Hunters’ Hunger for Small Towns Continues to Soar—Even as Interest in Big Cities Begins to Recover
Americans are shopping for homes in small towns at an exceptionally higher rate than they were last year and even last month
Interest in Rural Areas and Small Towns Spikes During the Coronavirus Outbreak
Small towns and rural areas may be set to boom in the wake of the coronavirus outbreak. Homebuyer interest in these less-populous areas surged in March.
Arizona Amasses Californians and the Political Climate is Changing
Arizona’s political climate looks to change in 2020 after seeing an increase in people migrating from California looking for cheaper housing
Remote Work Is Enabling Americans to Move to More Affordable Cities
For 25% of Americans, telecommuting increases after a move.
Migrants Out of Expensive West Coast Metros Flocked to Portland, Oregon in Q4
Twenty-six percent of Redfin.com home searchers looked to move to another metro area in the fourth quarter of 2019, compared to 25% during the same period last year.
34% of Recent Movers Live In Single-Income Households, Up From 29% Before the Pandemic: Survey
More than three-quarters of respondents report feeling happier after relocating. More than one-third (34%) of people who moved during the coronavirus pandemic live in a
50% of Homeowners Who Moved Recently Cited Crime as Important Factor: Survey
Crime and safety was the most commonly cited factor for homeowners deciding where to move. For renters it was cost of living, with climate change at the bottom of the ranking.
30% of Homebuyers Looked to Move Metros in the Third Quarter, the Lowest Share Since 2020
Interest in relocation fell for the second-straight quarter as life continued to return to normal following pandemic lockdowns. Still, migration remained more common than it
1 in 7 Recent Movers Refuse to Live In a Place Where Abortion Is Fully Legal: Redfin Survey
A similar share—about 1 in 8—would only live somewhere abortion is fully legal. The lion’s share of respondents prefer to live in a place with
Interest in Relocation Dips Slightly, With 30% of House Hunters Looking to Move to a Different Metro Area
That’s down from a peak of 32% at the start of the year, but higher than the 26% level we saw early in the pandemic.
Miami Has Seen Migration of Homebuyers Triple Since Last Year
Three of the 10 most popular migration destinations in July were in the Sunshine State, which faces high risk from storms and rising sea levels.
