Housing Market News
Migration
Out-of-Town Moves Have Fallen 6% From a Year Ago, Compared With 17% Drop For In-Town Moves
Fewer homebuyers are looking to move to a different part of the country–but the dropoff isn’t as big as it is for those remaining close
Out-of-Town Moves Remain Popular As High Housing Costs Push Homebuyers to Affordable Areas
Redfin.com home searches in out-of-town destinations have dropped 4% from a year ago, compared with a 16% drop for searches near home. Migration is holding
Cross-Country Movers Largely Undeterred By High Mortgage Rates
Redfin.com user search data shows that 14% fewer homebuyers looked to move within their own metro area than a year earlier in February, compared with
Miami Is the Most Popular Metro For Relocators, With Homebuyers Drawn to Comparatively Low Costs
A record 25% of Redfin.com home searchers looked to move to a different U.S. metro in January, many in search of relatively affordable housing. Miami,
A Record 25% of Home Searchers Looked to Move to a New Metro at the End of 2022 as High Housing Costs Drove Relocation
Economic uncertainty and 6%-plus mortgage rates caused fewer Americans to purchase homes in the fourth quarter. But those who did buy relocated at an unprecedented
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
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.
