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. Nationwide, 30% of Redfin.com users looked to move to a new metro last month, a slight decline from the second quarter. Miami, Sacramento, Phoenix, Las Vegas and Tampa were the […]
Miami Has Seen Migration of Homebuyers Triple Since Last Year Read More »
The U.S. counties with the largest share of homes facing high heat, drought, fire, flood and storm risk saw their populations grow from 2016-2020 due to migration. The counties with the smallest share of homes facing climate risk largely saw their populations decline. Relative affordability may be playing a role: Counties where many homes face
More People Are Moving In Than Out of Areas Facing High Risk From Climate Change Read More »
Homebuyers who relocated to Austin during the pandemic paid an average of 7.8% above asking price, versus 3.7% above asking price for locals. This Redfin report analyzes the difference in homebuying finances between out-of-towners and locals in 11 popular migration destinations. The typical homebuyer moving to Austin from out of town buys a more expensive
Out-of-Towners Moving to Austin Spend $22,500 More on Homes Than Locals Read More »
Phoenix, Las Vegas and Sacramento are among the most popular destinations as remote work allows people the freedom to move from expensive job centers to more affordable areas. Nationwide, 31.1% of Redfin.com users looked to move to a different metro in the second quarter, up from 27.6% during the same time period last year. Movement
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
The staggering increase in the number of homes sold hundreds of thousands of dollars above list price is symbolic of the hot housing market in Austin, which had the nation’s highest price growth in April. Seventy-two homes in the Austin metro have sold for $300,000 or more above asking price so far this year. That’s
