Tag Archives: Home searchers

As many Americans are leaving their hometown in search of more affordable areas, elevated mortgage rates and a shortage of inventory continue to deter U.S. homebuyers, as overall home sales dropped 22% from a year earlier in April.

While nationwide migration trends remain firm, according to a new report from Redfin, a record one-quarter of home searchers are looking to move to a new metro as high housing costs continue to push homebuyers to more affordable places.

According to a new report from Redfin, as remote work and inflated housing costs drive homebuyers to relocate, Miami was named the most popular migration destination in January for those looking to purchase.