Housing Market News
Migration
A Record Share of Homebuyers Relocate, Driven By Moves Away From Expensive Coastal Areas
High mortgage rates, persistent inflation and economic woes are making expensive parts of the country less attractive and relatively affordable places more popular. Migration out
More People Are Moving in Than Out of Places Experiencing Intense Drought
74% of U.S. metros with more than half of homes facing intense drought saw more people move in than out this year. An estimated $17
The Share of Homebuyers Looking to Relocate Jumped to New Record in July
San Diego and Portland, Maine are picking up in popularity with out-of-town buyers, while movement into Miami, Sacramento and Phoenix is slowing. Plus, fewer homebuyers
Migration Hotspots Have the Highest Inflation Rates
Phoenix, Atlanta, Tampa and Miami, all Sun Belt metros popular with relocating homebuyers, have the highest inflation rates in the country. Housing prices make up
A Record Share of Homebuyers Relocate As High Prices, Mortgage Rates Push Them Toward More Affordable Areas
Homebuyers are seeking out less expensive locales like Tampa and San Antonio, partly because the surging cost of housing and other goods is limiting their
Miami and Tampa Are the Most Popular Destinations For Relocating Homebuyers
Nationwide, a record share of homebuyers are relocating, many in search of affordability as prices and mortgage rates soar. Homebuyer migration remained at an all-time
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
