{"id":74769,"date":"2022-07-28T05:00:52","date_gmt":"2022-07-28T12:00:52","guid":{"rendered":"https:\/\/www.redfin.com\/news\/?p=74769"},"modified":"2022-07-27T15:13:31","modified_gmt":"2022-07-27T22:13:31","slug":"migrant-local-homebuying-budget-2022","status":"publish","type":"post","link":"https:\/\/www.redfin.com\/news\/migrant-local-homebuying-budget-2022\/","title":{"rendered":"Newcomers to Philadelphia Have Nearly 40% More to Spend on Homes Than Locals"},"content":{"rendered":"

Out-of-towners have bigger budgets than locals in relatively affordable destinations like Philadelphia, Atlanta and Dallas because many are remote workers moving in from more expensive places, often with high hometown salaries and proceeds from a home sale.<\/h2>\n

The average out-of-towner moving to Philadelphia<\/a> in the first half of 2022 had $588,000 to spend on a home, 39% higher than the $422,000 average budget for local buyers. That’s the biggest gap among the cities included in this analysis.\u00a0<\/p>\n

New York<\/a> comes next, with an average out-of-town budget of $1.3 million, 31% higher than the average local budget. It\u2019s followed by Atlanta<\/a> (30% higher), Dallas<\/a> (22% higher) and Portland, OR<\/a> (18% higher). Out-of-towners had higher budgets in 19 of the 23 cities in this analysis.\u00a0<\/p>\n

That\u2019s according to an analysis of average maximum list-price filters for homes set by Redfin.com users in their saved searches. The analysis includes U.S. cities with at least 1,500 Redfin.com home searchers from inside the metro and 1,500 from outside the metro from January through June 2022.\u00a0<\/p>\n

Newcomers to Philadelphia<\/a> have significantly higher budgets because they typically come from coastal job centers with high salaries and cash on hand from selling a high-value home. Philadelphia<\/a>\u2019s popularity with affluent out-of-town homebuyers shot up at the beginning of the pandemic as remote work made it feasible to move to a more affordable area while keeping a high hometown salary. New York<\/a> is by far the most common origin for out-of-towners moving to Philadelphia<\/a>, and it also attracts a lot of migrants from Washington, D.C.<\/a> and Los Angeles<\/a>.<\/p>\n

\u201cPhiladelphia<\/a> sits right between New York<\/a> and D.C., both places where the cost of living is essentially triple what it is here,\u201d said local Redfin agent Trey Dodge<\/a>. \u201cFull-time remote workers\u2013and some people who commute the 90 minutes to New York<\/a> a few days a week\u2013realize they can get more for their money here, while still reaping the benefits of a big-city lifestyle. I\u2019ve watched home prices rise over the last two years, and it\u2019s mostly because out-of-towners are buying high-end properties.\u201d<\/p>\n

The typical Philadelphia<\/a> home sold for just $300,000 in June, less than half of New York<\/a>\u2019s $705,000 median sale price. Prices in Philadelphia<\/a> have also grown slower: They\u2019re up 20% from the beginning of the pandemic, compared with a 26% jump in New York<\/a> and a 38% nationwide bump.\u00a0<\/p>\n

\u201cEven though the housing market has slowed<\/a>, the share of homebuyers moving to different parts of the country has not,\u201d said Redfin Deputy Chief Economist Taylor Marr<\/a>. \u201cThat\u2019s partly because home prices and mortgage rates have increased so much that homebuyers with the flexibility to relocate are seeking out<\/a> affordable areas. Someone moving from Los Angeles<\/a> to Philadelphia<\/a> may have a higher monthly housing payment than they would have six months ago, but it\u2019s still much lower than it would be in coastal California.\u201d<\/p>\n

\u201cThe market looks different for locals, many of whom are priced out or driven to search in the suburbs because both home prices and mortgage payments have risen significantly in the last year,\u201d Marr continued. \u201cBut local buyers may get a break as the market cools and competition slows<\/a>.\u201d<\/p>\n

Atlanta<\/a> and Dallas<\/a> are also popular pandemic-fueled migration destinations. Dallas<\/a> was the 10th most popular<\/a> destination in the second quarter, and Atlanta<\/a> came in at number 12.\u00a0<\/p>\n

Newcomers to Atlanta<\/a> and Dallas<\/a> have bigger budgets for much the same reason they do in Philadelphia<\/a>: They\u2019re typically coming from more expensive places with higher incomes, most prominently New York<\/a> and Los Angeles<\/a>. The typical homes in both Atlanta<\/a> and Dallas<\/a> sold for under $460,000 in June, much lower than prices in New York<\/a> ($705,000) and Los Angeles<\/a> ($890,000).\u00a0<\/p>\n

The places with the biggest budget gaps are different now than at the beginning of the pandemic. Nashville<\/a>, Atlanta<\/a> and Austin<\/a> topped the list<\/a> of places where newcomers had the biggest budget premiums in 2020. Migration into both Nashville<\/a> and Austin<\/a> has slowed significantly in 2022, largely because<\/i> out-of-town buyers pushed up prices. Prices are up 44% in Nashville<\/a> and 57% in Austin<\/a> since the beginning of the pandemic.<\/p>\n

Affluent New Yorkers are moving back to the city with big budgets<\/h3>\n

The story is different in New York<\/a>, one of the priciest metro areas in the country. One reason why house hunters in New York<\/a> have bigger budgets than locals: Many of those out-of-towners actually are<\/i> locals\u2013and they\u2019re wealthy locals.<\/p>\n

While New York<\/a> lost a lot of residents<\/a> in the beginning of the pandemic as affluent remote workers decamped to rural and suburban areas, it\u2019s now making a comeback<\/a>. The flow of homebuyers leaving New York<\/a> slowed significantly<\/a> in the first half of 2022 as some workers returned to the office and social and cultural events ramped back up.\u00a0<\/p>\n

\u201cA lot of the people who can afford to buy homes in New York<\/a> right now are those moving back to the city after a pandemic hiatus, and they likely have more money than the locals who stayed put,\u201d said Masha Berman<\/a>, a Redfin agent in New York<\/a>. \u201cI\u2019m also seeing a lot of out-of-town investors and affluent pied-a-terre buyers.\u201d<\/p>\n

Locals have bigger budgets in the Bay Area<\/h3>\n

Locals had higher budgets than out-of-towners in four of the 23 cities, all of them in California and three in the Bay Area.\u00a0<\/p>\n

The average budget for locals in Fremont, CA<\/a> (located in the East Bay) was about $1.9 million, 20% higher than the average migrant budget and the biggest gap among the cities in this analysis. Next comes San Francisco<\/a>, where the average local budget was about $2.1 million, 12% higher than the average migrant budget. It\u2019s followed by San Jose<\/a> (4% higher) and Irvine<\/a> (3% higher).\u00a0<\/p>\n

Bay Area locals have bigger budgets than people moving in from other parts of the country because they have the highest incomes<\/a> in the U.S.\u00a0<\/p>\n

Average budgets of Redfin.com home searchers, out-of-towners versus locals, January through June 2022<\/h3>\n

Ranking: Cities at the top have bigger percent differences between budgets for migrants and locals<\/i>
\n\n\n\n\n\t\n\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t
U.S. City<\/b><\/th>Percent difference between budgets for migrants and locals<\/b><\/th>Average maximum budget: Out-of-towners<\/b><\/th>Average maximum budget: Locals<\/b><\/th>Median sale price (Metro, June 2022)<\/b><\/th>\n<\/tr>\n<\/thead>\n
Philadelphia, PA<\/a><\/td>39.3%<\/td>$587,887<\/td>$422,178<\/td>$300,000<\/td>\n<\/tr>\n
New York, NY<\/a><\/td>31.3%<\/td>$1,310,655<\/td>$998,011<\/td>$705,000<\/td>\n<\/tr>\n
Atlanta, GA<\/a><\/td>29.9%<\/td>$849,477<\/td>$653,849<\/td>$400,000<\/td>\n<\/tr>\n
Dallas, TX<\/a><\/td>22.2%<\/td>$815,613<\/td>$667,404<\/td>$457,000<\/td>\n<\/tr>\n
Portland, OR<\/a><\/td>18.1%<\/td>$929,563<\/td>$786,886<\/td>$568,000<\/td>\n<\/tr>\n
Houston, TX<\/a><\/td>17.5%<\/td>$608,902<\/td>$518,398<\/td>$352,000<\/td>\n<\/tr>\n
Phoenix, AZ<\/a><\/td>12.9%<\/td>$805,257<\/td>$713,378<\/td>$485,000<\/td>\n<\/tr>\n
Denver, CO<\/a><\/td>11.8%<\/td>$983,761<\/td>$879,964<\/td>$610,000<\/td>\n<\/tr>\n
San Antonio, TX<\/a><\/td>11.7%<\/td>$514,485<\/td>$460,499<\/td>$345,200<\/td>\n<\/tr>\n
San Diego, CA<\/a><\/td>10.7%<\/td>$1,518,886<\/td>$1,372,294<\/td>$860,000<\/td>\n<\/tr>\n
Las Vegas, NV<\/a><\/td>10.3%<\/td>$718,744<\/td>$651,346<\/td>$450,000<\/td>\n<\/tr>\n
Charlotte, NC<\/a><\/td>10.1%<\/td>$677,637<\/td>$615,308<\/td>$410,000<\/td>\n<\/tr>\n
Austin, TX<\/a><\/td>7.6%<\/td>$964,811<\/td>$896,956<\/td>$536,000<\/td>\n<\/tr>\n
Los Angeles, CA<\/a><\/td>7.4%<\/td>$1,746,248<\/td>$1,625,450<\/td>$890,000<\/td>\n<\/tr>\n
Nashville, TN<\/a><\/td>6.2%<\/td>$765,394<\/td>$720,748<\/td>$459,900<\/td>\n<\/tr>\n
Washington, D.C.<\/a><\/td>5.1%<\/td>$1,065,122<\/td>$1,013,833<\/td>$550,000<\/td>\n<\/tr>\n
Chicago, IL<\/a><\/td>4.8%<\/td>$668,943<\/td>$638,545<\/td>$340,000<\/td>\n<\/tr>\n
Baltimore, MD<\/a><\/td>0.8%<\/td>$394,991<\/td>$391,810<\/td>$375,000<\/td>\n<\/tr>\n
Seattle, WA<\/a><\/td>0.8%<\/td>$1,229,642<\/td>$1,220,439<\/td>$816,100<\/td>\n<\/tr>\n
Irvine, CA<\/a><\/td>Average local budget is 3% higher<\/i><\/td>$1,588,332<\/td>$1,631,103<\/td>$1,020,000<\/td>\n<\/tr>\n
San Jose, CA<\/a><\/td>Average local budget is 4% higher<\/i><\/td>$1,670,207<\/td>$1,742,722<\/td>$1,500,000<\/td>\n<\/tr>\n
San Francisco, CA<\/a><\/td>Average local budget is 12% higher<\/i><\/td>$1,860,970<\/td>$2,081,064<\/td>$1,581,000<\/td>\n<\/tr>\n
Fremont, CA<\/a><\/td>Average local budget is 20% higher<\/i><\/td>$1,623,096<\/td>$1,948,293<\/td>$1,025,000<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/p>\n","protected":false},"excerpt":{"rendered":"

Out-of-towners have bigger budgets than locals in relatively affordable destinations like Philadelphia, Atlanta and Dallas because many are remote workers moving in from more expensive places, often with high hometown salaries and proceeds from a home sale. The average out-of-towner moving to Philadelphia in the first half of 2022 had $588,000 to spend on a […]<\/p>\n","protected":false},"author":13153,"featured_media":74770,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"site-sidebar-layout":"default","site-content-layout":"default","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"default","adv-header-id-meta":"","stick-header-meta":"default","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[8],"tags":[20,21],"dashboard":[],"coauthors":[124],"class_list":["post-74769","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-housing-market-news","tag-housing-affordability","tag-migration"],"acf":[],"yoast_head":"\nNewcomers to Philadelphia Have Nearly 40% More to Spend on Homes Than Locals<\/title>\n<meta name=\"description\" content=\"Out-of-towners have bigger budgets than locals in relatively affordable destinations because many are remote workers moving in from more expensive places, often with high hometown salaries and proceeds from a home sale.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.redfin.com\/news\/migrant-local-homebuying-budget-2022\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Newcomers to Philadelphia Have Nearly 40% More to Spend on Homes Than Locals\" \/>\n<meta property=\"og:description\" content=\"Out-of-towners have bigger budgets than locals in relatively affordable destinations because many are remote workers moving in from more expensive places, often with high hometown salaries and proceeds from a home sale.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.redfin.com\/news\/migrant-local-homebuying-budget-2022\/\" \/>\n<meta property=\"og:site_name\" content=\"Redfin Real Estate News\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/redfin\" \/>\n<meta property=\"article:published_time\" content=\"2022-07-28T12:00:52+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2022\/07\/4604-Avenue-F-Austin-TX_04.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1916\" \/>\n\t<meta property=\"og:image:height\" content=\"1284\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Dana Anderson\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@redfin\" \/>\n<meta name=\"twitter:site\" content=\"@redfin\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Dana Anderson\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"6 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.redfin.com/news\\\/migrant-local-homebuying-budget-2022\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.redfin.com/news\\\/migrant-local-homebuying-budget-2022\\\/\"},\"author\":{\"name\":\"Dana Anderson\",\"@id\":\"https:\\\/\\\/www.redfin.com/news\\\/#\\\/schema\\\/person\\\/309385292bf91585d2e0a130b0a2566b\"},\"headline\":\"Newcomers to Philadelphia Have Nearly 40% More to Spend on Homes Than Locals\",\"datePublished\":\"2022-07-28T12:00:52+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.redfin.com/news\\\/migrant-local-homebuying-budget-2022\\\/\"},\"wordCount\":999,\"publisher\":{\"@id\":\"https:\\\/\\\/www.redfin.com/news\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/www.redfin.com/news\\\/migrant-local-homebuying-budget-2022\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.redfin.com/news\\\/wp-content\\\/uploads\\\/2022\\\/07\\\/4604-Avenue-F-Austin-TX_04.jpg\",\"keywords\":[\"Housing Affordability\",\"Migration\"],\"articleSection\":[\"Housing Market News\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2022\",\"copyrightHolder\":{\"@id\":\"https:\\\/\\\/www.redfin.com/news\\\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.redfin.com/news\\\/migrant-local-homebuying-budget-2022\\\/\",\"url\":\"https:\\\/\\\/www.redfin.com/news\\\/migrant-local-homebuying-budget-2022\\\/\",\"name\":\"Newcomers to Philadelphia Have Nearly 40% More to Spend on Homes Than Locals\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.redfin.com/news\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.redfin.com/news\\\/migrant-local-homebuying-budget-2022\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.redfin.com/news\\\/migrant-local-homebuying-budget-2022\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.redfin.com/news\\\/wp-content\\\/uploads\\\/2022\\\/07\\\/4604-Avenue-F-Austin-TX_04.jpg\",\"datePublished\":\"2022-07-28T12:00:52+00:00\",\"description\":\"Out-of-towners have bigger budgets than locals in relatively affordable destinations because many are remote workers moving in from more expensive places, often with high hometown salaries and proceeds from a home sale.\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.redfin.com/news\\\/migrant-local-homebuying-budget-2022\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.redfin.com/news\\\/migrant-local-homebuying-budget-2022\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.redfin.com/news\\\/migrant-local-homebuying-budget-2022\\\/#primaryimage\",\"url\":\"https:\\\/\\\/www.redfin.com/news\\\/wp-content\\\/uploads\\\/2022\\\/07\\\/4604-Avenue-F-Austin-TX_04.jpg\",\"contentUrl\":\"https:\\\/\\\/www.redfin.com/news\\\/wp-content\\\/uploads\\\/2022\\\/07\\\/4604-Avenue-F-Austin-TX_04.jpg\",\"width\":1791,\"height\":1200},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.redfin.com/news\\\/migrant-local-homebuying-budget-2022\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.redfin.com/news\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Newcomers to Philadelphia Have Nearly 40% More to Spend on Homes Than Locals\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.redfin.com/news\\\/#website\",\"url\":\"https:\\\/\\\/www.redfin.com/news\\\/\",\"name\":\"Redfin Real Estate News\",\"description\":\"The latest real estate news and research from technology-powered residential real estate company, Redfin.\",\"publisher\":{\"@id\":\"https:\\\/\\\/www.redfin.com/news\\\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.redfin.com/news\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/www.redfin.com/news\\\/#organization\",\"name\":\"Redfin\",\"url\":\"https:\\\/\\\/www.redfin.com/news\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.redfin.com/news\\\/#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"https:\\\/\\\/www.redfin.com\\\/news\\\/wp-content\\\/uploads\\\/2020\\\/10\\\/Redfin-News-Logo.png\",\"contentUrl\":\"https:\\\/\\\/www.redfin.com\\\/news\\\/wp-content\\\/uploads\\\/2020\\\/10\\\/Redfin-News-Logo.png\",\"width\":1100,\"height\":235,\"caption\":\"Redfin\"},\"image\":{\"@id\":\"https:\\\/\\\/www.redfin.com/news\\\/#\\\/schema\\\/logo\\\/image\\\/\"},\"sameAs\":[\"https:\\\/\\\/www.facebook.com\\\/redfin\",\"https:\\\/\\\/x.com\\\/redfin\",\"https:\\\/\\\/www.instagram.com\\\/redfinrealestate\\\/\",\"https:\\\/\\\/www.linkedin.com\\\/company\\\/redfin\",\"https:\\\/\\\/www.pinterest.com\\\/redfin\\\/\",\"https:\\\/\\\/en.wikipedia.org\\\/wiki\\\/Redfin\"]},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.redfin.com/news\\\/#\\\/schema\\\/person\\\/309385292bf91585d2e0a130b0a2566b\",\"name\":\"Dana Anderson\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.redfin.com/news\\\/wp-content\\\/uploads\\\/2023\\\/10\\\/Dana_Anderson_722_RT-150x150.jpg6a0821cd173d24b4c47bf9d2c09ca097\",\"url\":\"https:\\\/\\\/www.redfin.com/news\\\/wp-content\\\/uploads\\\/2023\\\/10\\\/Dana_Anderson_722_RT-150x150.jpg\",\"contentUrl\":\"https:\\\/\\\/www.redfin.com/news\\\/wp-content\\\/uploads\\\/2023\\\/10\\\/Dana_Anderson_722_RT-150x150.jpg\",\"caption\":\"Dana Anderson\"},\"description\":\"As a data journalist at Redfin, Dana Anderson writes about the numbers behind real estate trends. Redfin is a full-service real estate brokerage that uses modern technology to make clients smarter and faster. For more information about working with a Redfin real estate agent to buy or sell a home, visit our Why Redfin page.\",\"url\":\"https:\\\/\\\/www.redfin.com/news\\\/author\\\/dana-andersonredfin-com\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Newcomers to Philadelphia Have Nearly 40% More to Spend on Homes Than Locals","description":"Out-of-towners have bigger budgets than locals in relatively affordable destinations because many are remote workers moving in from more expensive places, often with high hometown salaries and proceeds from a home sale.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.redfin.com\/news\/migrant-local-homebuying-budget-2022\/","og_locale":"en_US","og_type":"article","og_title":"Newcomers to Philadelphia Have Nearly 40% More to Spend on Homes Than Locals","og_description":"Out-of-towners have bigger budgets than locals in relatively affordable destinations because many are remote workers moving in from more expensive places, often with high hometown salaries and proceeds from a home sale.","og_url":"https:\/\/www.redfin.com\/news\/migrant-local-homebuying-budget-2022\/","og_site_name":"Redfin Real Estate News","article_publisher":"https:\/\/www.facebook.com\/redfin","article_published_time":"2022-07-28T12:00:52+00:00","og_image":[{"width":1916,"height":1284,"url":"https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2022\/07\/4604-Avenue-F-Austin-TX_04.jpg","type":"image\/jpeg"}],"author":"Dana Anderson","twitter_card":"summary_large_image","twitter_creator":"@redfin","twitter_site":"@redfin","twitter_misc":{"Written by":"Dana Anderson","Est. reading time":"6 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.redfin.com\/news\/migrant-local-homebuying-budget-2022\/#article","isPartOf":{"@id":"https:\/\/www.redfin.com\/news\/migrant-local-homebuying-budget-2022\/"},"author":{"name":"Dana Anderson","@id":"https:\/\/www.redfin.com\/news\/#\/schema\/person\/309385292bf91585d2e0a130b0a2566b"},"headline":"Newcomers to Philadelphia Have Nearly 40% More to Spend on Homes Than Locals","datePublished":"2022-07-28T12:00:52+00:00","mainEntityOfPage":{"@id":"https:\/\/www.redfin.com\/news\/migrant-local-homebuying-budget-2022\/"},"wordCount":999,"publisher":{"@id":"https:\/\/www.redfin.com\/news\/#organization"},"image":{"@id":"https:\/\/www.redfin.com\/news\/migrant-local-homebuying-budget-2022\/#primaryimage"},"thumbnailUrl":"https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2022\/07\/4604-Avenue-F-Austin-TX_04.jpg","keywords":["Housing Affordability","Migration"],"articleSection":["Housing Market News"],"inLanguage":"en-US","copyrightYear":"2022","copyrightHolder":{"@id":"https:\/\/www.redfin.com\/news\/#organization"}},{"@type":"WebPage","@id":"https:\/\/www.redfin.com\/news\/migrant-local-homebuying-budget-2022\/","url":"https:\/\/www.redfin.com\/news\/migrant-local-homebuying-budget-2022\/","name":"Newcomers to Philadelphia Have Nearly 40% More to Spend on Homes Than Locals","isPartOf":{"@id":"https:\/\/www.redfin.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.redfin.com\/news\/migrant-local-homebuying-budget-2022\/#primaryimage"},"image":{"@id":"https:\/\/www.redfin.com\/news\/migrant-local-homebuying-budget-2022\/#primaryimage"},"thumbnailUrl":"https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2022\/07\/4604-Avenue-F-Austin-TX_04.jpg","datePublished":"2022-07-28T12:00:52+00:00","description":"Out-of-towners have bigger budgets than locals in relatively affordable destinations because many are remote workers moving in from more expensive places, often with high hometown salaries and proceeds from a home sale.","breadcrumb":{"@id":"https:\/\/www.redfin.com\/news\/migrant-local-homebuying-budget-2022\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.redfin.com\/news\/migrant-local-homebuying-budget-2022\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.redfin.com\/news\/migrant-local-homebuying-budget-2022\/#primaryimage","url":"https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2022\/07\/4604-Avenue-F-Austin-TX_04.jpg","contentUrl":"https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2022\/07\/4604-Avenue-F-Austin-TX_04.jpg","width":1791,"height":1200},{"@type":"BreadcrumbList","@id":"https:\/\/www.redfin.com\/news\/migrant-local-homebuying-budget-2022\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.redfin.com\/news\/"},{"@type":"ListItem","position":2,"name":"Newcomers to Philadelphia Have Nearly 40% More to Spend on Homes Than Locals"}]},{"@type":"WebSite","@id":"https:\/\/www.redfin.com\/news\/#website","url":"https:\/\/www.redfin.com\/news\/","name":"Redfin Real Estate News","description":"The latest real estate news and research from technology-powered residential real estate company, Redfin.","publisher":{"@id":"https:\/\/www.redfin.com\/news\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.redfin.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.redfin.com\/news\/#organization","name":"Redfin","url":"https:\/\/www.redfin.com\/news\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.redfin.com\/news\/#\/schema\/logo\/image\/","url":"https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2020\/10\/Redfin-News-Logo.png","contentUrl":"https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2020\/10\/Redfin-News-Logo.png","width":1100,"height":235,"caption":"Redfin"},"image":{"@id":"https:\/\/www.redfin.com\/news\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/redfin","https:\/\/x.com\/redfin","https:\/\/www.instagram.com\/redfinrealestate\/","https:\/\/www.linkedin.com\/company\/redfin","https:\/\/www.pinterest.com\/redfin\/","https:\/\/en.wikipedia.org\/wiki\/Redfin"]},{"@type":"Person","@id":"https:\/\/www.redfin.com\/news\/#\/schema\/person\/309385292bf91585d2e0a130b0a2566b","name":"Dana Anderson","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2023\/10\/Dana_Anderson_722_RT-150x150.jpg6a0821cd173d24b4c47bf9d2c09ca097","url":"https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2023\/10\/Dana_Anderson_722_RT-150x150.jpg","contentUrl":"https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2023\/10\/Dana_Anderson_722_RT-150x150.jpg","caption":"Dana Anderson"},"description":"As a data journalist at Redfin, Dana Anderson writes about the numbers behind real estate trends. Redfin is a full-service real estate brokerage that uses modern technology to make clients smarter and faster. For more information about working with a Redfin real estate agent to buy or sell a home, visit our Why Redfin page.","url":"https:\/\/www.redfin.com\/news\/author\/dana-andersonredfin-com\/"}]}},"_links":{"self":[{"href":"https:\/\/www.redfin.com\/news\/wp-json\/wp\/v2\/posts\/74769","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.redfin.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.redfin.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.redfin.com\/news\/wp-json\/wp\/v2\/users\/13153"}],"replies":[{"embeddable":true,"href":"https:\/\/www.redfin.com\/news\/wp-json\/wp\/v2\/comments?post=74769"}],"version-history":[{"count":0,"href":"https:\/\/www.redfin.com\/news\/wp-json\/wp\/v2\/posts\/74769\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.redfin.com\/news\/wp-json\/wp\/v2\/media\/74770"}],"wp:attachment":[{"href":"https:\/\/www.redfin.com\/news\/wp-json\/wp\/v2\/media?parent=74769"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.redfin.com\/news\/wp-json\/wp\/v2\/categories?post=74769"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.redfin.com\/news\/wp-json\/wp\/v2\/tags?post=74769"},{"taxonomy":"dashboard","embeddable":true,"href":"https:\/\/www.redfin.com\/news\/wp-json\/wp\/v2\/dashboard?post=74769"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/www.redfin.com\/news\/wp-json\/wp\/v2\/coauthors?post=74769"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}