Austin, Las Vegas, Nashville and other metros popular during the pandemic have seen in-migration slow amid surging prices and higher mortgage rates. Homebuyers who are priced out of Austin are turning to San Antonio, located about 80 miles southwest. San Antonio ranks 10th on Redfin’s list of most popular migration destinations, and its popularity with […]
Priced Out of Austin, Relocating Homebuyers Turn to San Antonio Read More »
As a record share of homebuyers move to different parts of the country, prices in popular destinations like Miami and Phoenix have shot up. But buyers can still turn to hotspots like Virginia Beach, San Antonio and Bakersfield to find homes priced below the national median. Thirty-two percent of homebuyers nationwide looked to move to
Here Are Eight U.S. Migration Hotspots Where Homes Are Still Relatively Affordable Read More »
An influx of people moving into Phoenix, Tampa and Atlanta has led to rapidly rising home prices, one contributor to outsized inflation in those areas. Those Sun Belt metros are still relatively affordable, but scores of new residents and high inflation means the financial benefit of living there is diminishing. Some of the hottest migration
Migration Hotspots in the Sun Belt Are Home to the Nation’s Highest Inflation Rates Read More »
Nearly one-third (32.3%) of Redfin.com users looked to move away from their hometown in the first quarter, an all-time high. The number of homebuyers leaving Seattle has increased sixfold since before the pandemic–largely due to remote work and soaring home prices–one factor in the early signs we’re seeing of a housing-market slowdown in Seattle and
With home prices up 16% from a year ago and mortgage rates rising, many Americans are searching for homes in more affordable areas. The share of homebuyers moving from one part of the country to another is at a record high. Nationwide, 32.3% of Redfin.com users looked to relocate in January and February. That’s up from
A Record Share of U.S. Homebuyers Are Looking to Relocate as Prices Skyrocket Read More »
Today’s house hunters have half as many homes to choose from after surging demand driven by remote work and low mortgage rates intensified the housing shortage. Homes are 34% more expensive, with the median sale price now at $369,000. Buyers are twice as likely to pay above list price as they grapple with fierce competition.
Two Years Later: How the Pandemic Has Rocked the U.S. Housing Market Read More »