Nearly 400,000 more people moved into than out of the most flood-prone counties in 2021 and 2022—a 103% increase from the prior two years. The counties most vulnerable to wildfires and heat have also seen more people move in than out as the housing affordability crisis pushes Americans into disaster-prone areas. New Orleans and Paradise,
A record one-quarter of Redfin.com house hunters are looking to relocate to a different part of the country as high mortgage rates make affordable areas more attractive. But even though homebuyers moving to a new metro make up a bigger piece of the homebuying pie than ever before, the number of relocators has dropped as
Drought-Stricken Phoenix Is the Top Destination For Relocating Homebuyers Read More »
Fewer homebuyers are looking to move to a different part of the country–but the dropoff isn’t as big as it is for those remaining close to home. To put the trend another way, people moving to a new metro make up a bigger piece of the homebuying pie than ever before, with a record 25.2%
Redfin.com home searches in out-of-town destinations have dropped 4% from a year ago, compared with a 16% drop for searches near home. Migration is holding up relatively well because high housing costs are pushing homebuyers to more affordable places, which is also the reason why a record one-quarter of home searchers are looking to move
Redfin.com user search data shows that 14% fewer homebuyers looked to move within their own metro area than a year earlier in February, compared with a 4% drop for out-of-town movers. The number of Redfin.com home searchers looking to relocate to a new metro fell 3.6% year over year in February. That compares with a
Cross-Country Movers Largely Undeterred By High Mortgage Rates Read More »
A record 25% of Redfin.com home searchers looked to move to a different U.S. metro in January, many in search of relatively affordable housing. Miami, Sacramento and Las Vegas were the most popular destinations. A record one-quarter (24.9%) of Redfin.com users nationwide looked to move to a different metro area in January as remote work
