Migration

Homebuyers Are Flocking to the Sun Belt, Attracted to Relatively Affordable Home Prices

The share of Redfin.com users moving away from their home metro is near its record high as 6%-plus mortgage rates and inflation cut into homebuying budgets. Places like Las Vegas and parts of Florida are especially popular. Nationwide, 24.1% of homebuyers looked to move to a different metro during the three months ending in November, […]

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Homebuyers Are Looking to Relocate to Affordable Areas–Especially in Florida–Amid High Rates, Prices

The share of Redfin.com users looking to move to a different metro area is near its record high as high rates and prices up the appeal of affordable places. Coastal Florida is especially popular, even after getting pummeled by Hurricane Ian.  Nearly one-quarter (24.1%) of U.S. homebuyers looked to move to a different metro area

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Pandemic Boomtowns Phoenix and Miami Have Among the Highest Inflation Rates in the U.S.

The inflation rate in Phoenix, which attracted scores of out-of-town homebuyers during the pandemic, is more than double the inflation rate in the Bay Area, which saw an exodus of residents. The four U.S. metropolitan areas with the highest inflation rates in the third quarter are migration hotspots. Phoenix, Atlanta, Tampa, FL and Miami experienced

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Nevada and Arizona Lost Democrats But Gained Independents as Californians Moved In During the Pandemic

Many Americans who were pushed out of pricey California moved to Nevada or Arizona in search of more affordable housing, perhaps registering as unaffiliated with a major party in the process. On the other side of the country, Florida pulled in many conservative people looking to live near people with similar views.  The Democratic party

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Homebuyers Are Looking to Move to Sacramento, Miami and Other Relatively Affordable Places as High Rates, Inflation Cut Into Budgets

Surging mortgage rates and persistently high home prices are motivating many of the buyers who remain in the market to relocate to more affordable areas, but migration may slow as the economy continues to soften. Nearly one-quarter (24.2%) of homebuyers nationwide looked to move to a different metro area in the third quarter, a record

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Pending Home Sales Plummet Over 50% in Three Florida Metros Hit by Hurricane Ian

Cape Coral saw pending sales sink 58%—nearly double the national decline—while Naples and North Port saw similar drops. New listings also slumped in all three metros. Pending home sales plunged 58% year over year in the Cape Coral, FL metro area during the four weeks ending Oct. 16 in the aftermath of Hurricane Ian. That’s

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