Tag Archives: migration

A new report from North American Moving Company examines median prices, tax rates, and other factors to determine 2023’s most affordable regions.

As homebuyers nationwide face inflationary home prices, those who purchased a home relocated at an unprecedented rate in Q4, as elevated mortgage rates and economic uncertainty drove many homebuyers to more affordable areas.

Mortgage rates will be key in 2023 according to Redfin, which predicts that relatively high rates will likely result in the slowest housing-market year since 2011.

The Sunbelt is attracting more homebuyers as they seek out affordable housing options, according to a report.

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.

“With a recession looming and household expenses high, many people can’t afford to buy a home in an expensive area and/or want to save money in case of an emergency, which makes relocating somewhere more affordable an attractive option,” said Redfin Economics Research Lead Chen Zhao.

Early in the pandemic, many made the decision to leave urban centers in favor of the suburbs and beyond. But according to Redfin, those who moved took not only their belongings but also their voting preferences too, turning some counties from red or blue to purple.

People are leaving high-cost cities on the coasts in droves, seeking out warmer climates and cheaper housing. Here’s what the data reveals.

According to a new report from Redfin, migration hotspots have the highest inflation rates across the country partly due to the fact they are attracting so many new residents on a consistent basis.

Homebuyer migration remained at an all-time high in April and May, with 32.3% of Redfin.com users nationwide looking to move to a different metro area, according to a ...