Migration

Escaping the City: America’s Hottest Neighborhoods of 2021

Vacation towns and suburbs outside of major coastal cities are on the rise as remote work drives Americans to seek out space, solitude and affordability during the coronavirus pandemic. Redfin’s 10 hottest neighborhoods of 2021 all have one thing in common: They’re offering American homebuyers respite from crowded, costly cities during the coronavirus pandemic. Each […]

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Migrants Likely Helped Flip Georgia Blue, With 50,000 More People Moving Into the State Than Out Last Year

Georgia had the sixth-biggest net inflow of any state in 2019, and affordable Atlanta is perennially one of the most popular destinations for Redfin.com users leaving expensive coastal areas.  People moving to the Atlanta area from pricey, liberal metros like New York, Washington, D.C. and Los Angeles is likely one factor helping tilt Georgia blue

Migrants Likely Helped Flip Georgia Blue, With 50,000 More People Moving Into the State Than Out Last Year Read More »

Condos Are Selling for a Record 17% Discount to Single-Family Homes as the Coronavirus Fuels Demand for Space

The desire for privacy during the pandemic is keeping a lid on condo prices, but condo sales are up 23%—on par with sales growth for single-family homes—as buyers take advantage of the discounts. The typical single-family home that sold in the U.S. this year was purchased for an average of 17.3% more ($58,000) than the

Condos Are Selling for a Record 17% Discount to Single-Family Homes as the Coronavirus Fuels Demand for Space Read More »

There’s Been a 70% Uptick in Redfin.Com Users Looking to Relocate to Sacramento and Las Vegas Since Last Year

There has been a 50% increase in the number of people looking to leave New York and Los Angeles since last year. Nearly 29% of Redfin.com users nationwide looked to move to another metro in October.  Nationwide, 28.5% of Redfin.com users looked to move to another metro area in October, up from 24.9% a year

There’s Been a 70% Uptick in Redfin.Com Users Looking to Relocate to Sacramento and Las Vegas Since Last Year Read More »

The Suburbs Have 15% More People of Color Than a Decade Ago Versus 5% More White People, Likely Contributing to Democrats’ 6-Point Suburban Gain in 2020

Home-value growth has accelerated in suburbs and flatlined in cities, and suburban housewives have become more rare. The American suburbs have become more racially and ethnically diverse and more Democratic over the last decade. To understand the changing demographics of the suburbs, we analyzed data from the U.S. Census, along with Redfin’s housing market data

The Suburbs Have 15% More People of Color Than a Decade Ago Versus 5% More White People, Likely Contributing to Democrats’ 6-Point Suburban Gain in 2020 Read More »

Demand for Second Homes Surges 100% Year Over Year In October

The number of people locking in mortgage rates for second homes has jumped as remote work enables affluent Americans to escape city life during the pandemic. At the same time, millions of families are suffering as businesses shutter and unemployment skyrockets.  Sales of vacation homes are soaring, even as millions of Americans grapple with financial

Demand for Second Homes Surges 100% Year Over Year In October Read More »

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