Housing Market News
Migration
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
50% of Homeowners Who Moved Recently Cited Crime as Important Factor: Survey
Crime and safety was the most commonly cited factor for homeowners deciding where to move. For renters it was cost of living, with climate change at the bottom of the ranking.
30% of Homebuyers Looked to Move Metros in the Third Quarter, the Lowest Share Since 2020
Interest in relocation fell for the second-straight quarter as life continued to return to normal following pandemic lockdowns. Still, migration remained more common than it
1 in 7 Recent Movers Refuse to Live In a Place Where Abortion Is Fully Legal: Redfin Survey
A similar share—about 1 in 8—would only live somewhere abortion is fully legal. The lion’s share of respondents prefer to live in a place with
Interest in Relocation Dips Slightly, With 30% of House Hunters Looking to Move to a Different Metro Area
That’s down from a peak of 32% at the start of the year, but higher than the 26% level we saw early in the pandemic.
Miami Has Seen Migration of Homebuyers Triple Since Last Year
Three of the 10 most popular migration destinations in July were in the Sunshine State, which faces high risk from storms and rising sea levels.
For Low-Tax States, Four People Move In For Every One Person Who Leaves
The trend is reversed in high-tax states, where an average of 2.5 people leave for every one person who moves in. One in five homebuyers
Big Budgets From Out-of-Town Homebuyers Are Edging Out Locals in Popular Destinations Like Phoenix & Las Vegas
With a record share of Redfin.com home searchers looking to move to another metro, out-of-towners are making it difficult for local residents to win bidding
A Record 31% of Redfin.com Users Look to Relocate as Homebuyer Interest in Affordable Areas Intensifies
Phoenix is the most popular destination for Redfin.com users looking to move away from expensive coastal cities. Some out-of-town buyers are shifting their search from
Remote Tech Workers Moving From San Francisco to Las Vegas Would Have $40,000 More Disposable Income in Their New Hometown
Redfin’s migration affordability calculator shows that a move from Seattle to Phoenix would yield $12,000 more in annual disposable income for the typical tech worker,
Bend, Boise and Charleston Are Attracting Twice as Many Out-of-Town Homebuyers as Last Year Amid Pandemic-Fueled Migration
A record 31% of Redfin.com users looked to move to a different metro in January, driven by homebuyers relocating to relatively affordable metro areas. Nationwide,
Austin, Atlanta & Tampa Are Attracting Homebuyers From More Expensive Cities, Contributing to a Housing Supply Crunch
Twenty-eight percent of Redfin.com users looked to move to another metro area in 2020, up from 25.5% in 2019, driving double-digit inventory shortages in popular
