Phoenix, Austin and Sacramento were three of the five most popular migration destinations in May, and they’re also among the top five metros with the biggest home-price increases. Nationwide, 31.4% of Redfin.com users looked to move to a different metro area in April and May, roughly the same share as the first quarter and up […]
Purchases of high-end homes jumped 26% in the three months ending April 30, versus a 15% increase for mid-priced homes. High-end sales rose the most in expensive metros including San Francisco and San Jose. Prices of high-end homes also saw a relatively big climb, up 14%, versus a 10% rise for affordable homes. The biggest
High-End Home Sales Surge Nearly Twice as Fast as Sales of Mid-Priced Homes Read More »
About two-thirds of surveyed Redfin.com users who moved to a different metro over the last year have the same or lower housing costs; almost as many said their new home is the same size or bigger. Key findings from a recent survey of Redfin.com users who moved to a different metro area from March 2020
The swell of relocations eased slightly in April from the first quarter, when 31.5% of Redfin.com users searched for homes in a different metro area. But the share of people moving from one part of the country to another is still well above pre-pandemic levels, and more people are moving into top destinations like Phoenix
Sales of high-end homes are outperforming as wealthy Americans take advantage of steady paychecks, remote work and low mortgage rates during the pandemic. Sales of luxury homes in the U.S. rose 41.6% year over year in the first quarter of 2021, far outpacing sales growth in every other segment of the housing market. By comparison,
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 wars. The average out-of-towner moving to Phoenix has $630,000 to spend on a home, versus $510,000 for locals. Nationwide, 31.5% of Redfin.com users looked to move to a different metro
