Housing Market News
Migration
The Share of Homebuyers Looking to Relocate Is Near Pandemic Peak
Nearly one-third of Redfin.com users looked to move away from their hometown in the fourth quarter, close to the record high set in the first
1 in 10 Homebuyers & Sellers Say Climate Risk is Main Reason For Move: Redfin Survey
About half of homebuyers and sellers cite climate-related risks as at least one reason for their move. Roughly half have spent at least $1,000 to
Movers Flock to Miami, the Most Popular Migration Destination for 4th Straight Month
Homebuyer interest in moving to a new metro area remains elevated above pre-pandemic levels, with roughly 30% of Redfin.com users looking to relocate, as remote
Most Recent Movers Think Climate Change Will Impact Their Area
63% of people who moved during the pandemic believe climate change is or will be an issue in the place they now live. Homeowners were twice as likely as renters to have researched climate issues before moving.
Share of Homebuyers Looking to Relocate Dips Slightly in October
30% of Redfin.com users looked to move metros last month, down from 32% at the start of 2021 but still above the 26% share we
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
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.
