Nearly 40% of homes in the U.S. are selling for more than their asking price, the highest share on record. More than three out of five homes in San Jose, Sacramento, Salt Lake City, Austin and Denver sold above their asking price in the last month, driving the national share to an all-time high. Sacramento […]
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 Texas to Arizona after recent winter storms. Nationwide, 31.2% of Redfin.com users looked to move to a different metro in January and February, up from 26.1% during the same time
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, but they would break even if they were to take a 10% pay cut. The typical remote-tech worker who moves from San Francisco to Las Vegas and keeps their job
Remote workers seeking space for offices and a simpler lifestyle are searching for homes in places like Lake Tahoe, Santa Cruz and Cape Cod. Meanwhile, big cities like New York are cooling down. Housing markets in vacation destinations and relatively affordable suburbs of big cities have heated up more than any other area over the
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, 30.7% of Redfin.com users looked to move to a different metro in January, up from 25.9% during the same time period last year and the highest share since Redfin started
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 destinations. Nationwide, 27.8% of Redfin.com users looked to move to another metro area in 2020. That’s up from 25.5% in 2019, a 9% year-over-year increase. The increase is driven by