According to a new report from Redfin, house hunters moving to a new area make up a bigger piece of the homebuying pie than ever, as record 25.1% of home searchers looked to relocate to a new metro in Q1.
Read More »Miami Named Most Popular Metro for Relocators
A record 25% of Redfin.com home searchers looked to move to a different U.S. metro in January, many in search of more affordable housing, as Miami, Sacramento, and Las Vegas were the most popular destinations.
Read More »CA and NY Exit Rate on the Rise
While Texas remains a popular migration destination for Californians, California had the most people interested in moving to Washington, D.C., a change of pace from usually warmer climates.
Read More »Apartment Size Shrinking Nationwide as Share of Studios Tick Up
A new analysis from RentCafe revealed the average size of new apartments in 2022 was 887-square-feet, a 54-square-foot drop from a decade ago, due to more studios and one-bedroom apartments entering the market.
Read More »High Housing Costs Drove Relocation in 2022
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.
Read More »Home Sales Slump as November Marks Biggest Decline on Record
An uptick in mortgage rates in November caused sales and prices to slow, but experts say there are early signs that housing demand may be creeping back around.
Read More »Expanding Black Immigrant Homeownership Opportunities
Looking at Black immigration and homeownership nationwide, a new study from the Joint Center of Housing Studies revealed that in many states, immigrants make up high shares of all Black households.
Read More »Nation’s Longest Home Price Boom Ends After a Decade
According to a new study by the American Enterprise Institute's Housing Center, all of the 60 largest metros analyzed experienced significant declines in home prices in November, marking the end of the longest home price boom on record.
Read More »Where Americans Moved in 2022
Southern states are seeing an influx of movers, according to North American Van Lines' 2022 Annual Migration Map, with many Americans migrating to find increased affordability, better quality of life, and lower income taxes.
Read More »Nearly a Quarter of Homebuyers Looking to Migrate Between Metros
Though high mortgage rates and economic inflation are discouraging many Americans from moving, among the people who are still buying homes, one in four are searching outside of their hometown in relatively affordable areas and hotspots like Las Vegas and Florida.
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