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
Affluent New Yorkers are flocking to Florida in search of sunshine and lower taxes during the pandemic. It’s fueling the luxury housing markets in West Palm Beach and Miami, where high-end home prices are up 18%. Luxury home sales in West Palm Beach, FL surged 116% year over year in the fourth quarter—a bigger gain
