62% of people who plan to buy or sell a home in the next year are reluctant to relocate to a place at risk of natural disasters, extreme temperatures and/or rising sea levels. 40% of buyers and sellers say climate risk played a role in their decision to move. Still, disaster-prone areas including Florida have […]
High mortgage rates, persistent inflation and economic woes are making expensive parts of the country less attractive and relatively affordable places more popular. Migration out of Los Angeles, New York, Washington, D.C. and Boston has picked up from last year. A record 33.9% of Redfin.com users nationwide looked to move from one metro to another
A Record Share of Homebuyers Relocate, Driven By Moves Away From Expensive Coastal Areas Read More »
55% of homes being built today face fire risk, compared with 14% of homes built from 1900 to 1959, as suburbanization and a shift to the Sun Belt have driven builders into more vulnerable areas. Recently-built homes are also more likely than older homes to face drought, heat and flood risk, but the gap is
America Is Increasingly Building Homes in Disaster-Prone Areas Read More »
74% of U.S. metros with more than half of homes facing intense drought saw more people move in than out this year. An estimated $17 trillion worth of homes (about 25 million properties) experienced intense drought in August, up 42% from a year earlier. There were 13 metros, including Las Vegas, Sacramento and Austin, where
More People Are Moving in Than Out of Places Experiencing Intense Drought Read More »
San Diego and Portland, Maine are picking up in popularity with out-of-town buyers, while movement into Miami, Sacramento and Phoenix is slowing. Plus, fewer homebuyers are leaving San Francisco than a year ago. The share of homebuyers looking to relocate jumped in July as high mortgage rates and home prices motivated Americans to move to
The Share of Homebuyers Looking to Relocate Jumped to New Record in July Read More »
Homebuyer incomes soared in pandemic boomtowns like Boise, Austin and parts of Florida, largely due to remote workers moving in from pricey job centers. Housing markets in many of those places are now slowing down. The typical Boise homebuyer earned $98,000 in 2021, up 24.1% from 2019. That’s the biggest homebuyer income increase of the
The Typical Income of a Boise Homebuyer is 24% Higher Than Before the Pandemic Read More »