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
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
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 cite lower taxes as one reason for their decision to move to a different area. For states with the lowest taxes, an average of four people moved in from other
For Low-Tax States, Four People Move In For Every One Person Who Leaves Read More »
