Housing Market News
Migration
Austin, Once a Migration Hotspot, Is Losing Homebuyers to Other Cities For First Time on Record
Homebuyers are looking to leave Austin as housing costs stay high, and some recent transplants move back to their hometowns. On the other side of
A Record Share of Homebuyers Are Relocating, Many to Places Endangered By Climate Change
Sacramento and Las Vegas, which grapple with extreme heat, are the most popular destinations for relocating homebuyers. Four of the 10 most popular are in
Myrtle Beach, SC Lands on List of Popular Homebuyer Migration Destinations For First Time
A record 26% of Redfin.com users are looking to move out of their hometown. Relatively affordable places like Las Vegas, Sacramento and Myrtle Beach are
Las Vegas Tops List of Popular Homebuyer Destinations For First Time, With West Coast Migrants Drawn to Cheaper Homes
The typical Las Vegas home costs less than half as much as one in Los Angeles, San Francisco or Seattle, the most common origins for
Migration Into America’s Most Flood-Prone Areas Has More Than Doubled Since the Start of the Pandemic
Nearly 400,000 more people moved into than out of the most flood-prone counties in 2021 and 2022—a 103% increase from the prior two years. The
Drought-Stricken Phoenix Is the Top Destination For Relocating Homebuyers
A record one-quarter of Redfin.com house hunters are looking to relocate to a different part of the country as high mortgage rates make affordable areas
26% Fewer Canadians Are Searching For Homes in the U.S. Than Last Year
The number of Redfin.com users based in Canada searching for U.S. homes to rent or buy fell 26.4% from a year earlier in May. That’s
Florida and Texas Are Gaining Residents at a Much Slower Rate Than They Used To, Eating Into Homebuyer Demand
The rising cost of housing and the increasing frequency of natural disasters are slowing migration to certain Florida and Texas metros. The flow of U.S.
Thousands More People Are Moving In Than Out of Fire- and Flood-Prone America, Fueled by Migration to Texas and Florida
America’s high-fire-risk counties saw a net inflow of 63,000 people last year, driven by migration to Texas. High-flood-risk counties saw a net inflow of 16,000,
San Francisco Is Coming Back: Homebuyers are Leaving the Bay Area at Half the Pandemic-Era Rate
Far fewer homebuyers are leaving the Bay Area as life returns to pre-pandemic norms, with many tech companies requiring in-person work and the novelty of
The Pandemic-Driven Migration Boom Is Waning, With the Share of Homebuyers Relocating at Lowest Level in 18 Months
The share of homebuyers moving to a different metro area is coming down from a peak as it becomes less feasible to work remotely. For
Nashville Lands on List of Popular Homebuyer Migration Destinations For First Time Since 2021
Nationwide, there are fewer homebuyers looking to relocate than a year ago due to elevated mortgage rates and high housing costs. But many of the
