According to Redfin, overall homebuying slowed in 2023 because it was the least affordable year on record and there was a severe supply shortage.
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COVID-19 Boomtowns Report Higher-Than-Normal Inflation
People gifted with remote work overwhelmingly chose to migrate to the Sun Belt, resulting in higher housing costs, which weigh on inflation figures.
Read More »Record Number of People Considering Migrating Between Cities
According to Redfin data from 2 million users, the share of homeseekers looking to relocate took a big jump in July amid an environment of rising rates as buyers look to more affordable areas where deals can still be had. ...
Read More »How Many Homebuyers Were Eager to Move in Q3?
Data shows that people are looking to move away from large cities and major job centers as an increasing number of jobs go remote.
Read More »Record Number of Homebuyers Looking to Change Metros
Which cities are reclaiming their migration-destination status in a market where one in four people searching for a home looks to change metros?
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