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Housing Affordability

Home Prices Are Soaring in America’s Most Popular Migration Destinations

Phoenix, Dallas and Orlando were the most popular migration destinations of 2021. But with home prices up roughly 30% in certain Sun Belt hotspots, some locals are getting priced out and some relocators may have second thoughts. Nationwide, 31% of Redfin.com users looked to relocate last year, up from 26% before the pandemic. Phoenix was […]

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The Value of Austin’s Housing Market Surged Nearly 40% in the Past Year—Twice as Fast as the U.S.

The total value of U.S. homes soared 19% year over year to $39 trillion in December, the largest gain that month since at least the start of the millennium. Popular migration destinations including Austin, Phoenix, Boise and Cape Coral led the way, all with increases of more than 30%. Austin’s $103 billion gain is roughly

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Prices For Consumer Goods Are Rising Quickest in America’s Top Migration Destinations

Atlanta, Phoenix and Tampa have relatively high rates of inflation—between 8% and 9%—and they’re all popular migration destinations. That’s double the inflation rates in San Francisco and New York, places people are moving away from.  Migration into those places is one reason for rapidly rising prices of consumer goods and services.  Because of high inflation,

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bitcoin

12% of First-Time Homebuyers Say Selling Crypto Helped Save for Down Payment, Up From 5% in 2019

Digital currencies are becoming an increasingly common payment method as millennials rush the housing market. One in nine first-time homebuyers (11.6%) surveyed in the fourth quarter said selling cryptocurrency helped them save for a down payment. That’s up from 8.8% in the third quarter of 2020 and 4.6% in the third quarter of 2019. This

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Real-Estate Investors Bought a Record 18% of the U.S. Homes That Sold in the Third Quarter

Investors purchased a record $64 billion worth of homes as growing housing and rental prices boosted prospects for returns. Single-family homes made up nearly three-quarters of investor purchases—an all-time high. Low-priced properties represented 36% of investor purchases, the smallest share on record. Investors had the largest market share in Atlanta, Phoenix, Charlotte, Jacksonville and Miami,

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