Migration

A new Redfin analysis revealed homebuyers nationwide must earn even more money than they did a year ago in order to purchase a typical U.S. home.

Nearly 60% of all Opportunity Zones performed better than the national market according to ATTOM's Q3 2022 report, while values are up an estimated 15% year-over-year in nearly half of the zones analyzed.

The latest report from Redfin revealed inflation has begun to slow, which is helping moderate mortgage rates. However, experts predict that a longer trend of lower inflation is needed for sustained nationwide rate relief.

According to the latest market report from ShowingTime, homebuyer foot traffic and in-person showings decreased from September, as rising rates and inventory challenges continue to discourage buyers from purchasing a home.

“The pandemic triggered a great rebalancing of affordability,” said Taylor Marr, Redfin’s Deputy Chief Economist.

Affordability continued to hamper first-time buyers looking to purchase a home during Q3. A new report revealed single-family existing-home sales prices grew in nearly every metro analyzed, with the national median home price climbing nearly 9% from 2021.

According to a new market report from TransUnion, Texas has the highest percentage of residents looking to move within state lines. Click through to learn more, including the number-one migration destination for those looking to move out-of-state.

Renters have historically voted at far lower rates than homeowners, but that gap between voting trends may be narrowing, according to a new study by Apartment List.

Many Americans who were priced out of California moved in search of more affordable housing during the pandemic buying frenzy. The latest analysis from Redfin reports Nevada and Arizona lost Democrats but gained Independents as Californians migrated to majority-Republican states.

According to a new survey analysis from the National Association of Realtors, while the share of first-time homebuyers has dropped to record lows, the share of homes purchased in small towns and rural areas reached record highs.