Tag Archives: migration

From February 2020 to May 2022, investor purchases of single-family homes grew to 20.4% nationwide, but the investor share fell to 16.2% over the past year, as evolving market conditions continue to fuel a decline in investor participation.

Despite the high risk of drought and flooding, Phoenix ranks as the most popular destination for homebuyers looking to move to a different part of the country, followed by Las Vegas and several Florida metros, according to a new report from Redfin.

“Greater growth in cross-market activity in the Northeast has elevated the out-of-market shopping share from roughly on par with the Midwest and South in 2020 to a clear second place in 2023,” said Jiayi Xu, an economist for Realtor.com.

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.

The persistence of pandemic-era remote work gave many workers the ability to pick up their lives and find a location more suited to their lifestyle—and their wallet as well.

A new Redfin report revealed that after Sacramento and Las Vegas, Miami was the most popular migration destination in Q4, followed by Tampa and Phoenix.

According to a new report, the share of Redfin users moving away from their home metro is nearing a record high as 6%-plus mortgage rates and inflation continue to cut into homebuyers' budgets.

Redfin has laid out a list of predictions on what one should expect from the housing market next year.