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
People Are Still Leaving the Bay Area—But The Places They’re Moving to Have Changed
This year, less Bay Area residents are searching for homes in the Seattle Area. Instead, they are looking to more affordable tech hubs.
Homebuyers Are Bucking the Urban Revival As ‘Burbs Beckon
Last year, the typical home sold was about 4 percent further from a city center than in 2011. Prices grew almost 50 percent faster in the urban core across 30 metros than in the metro area as a whole.
Is Texas the New California?
With high-paying jobs aplenty in Austin, Dallas and Houston, incoming homebuyers can live like royalty.
