Items Tagged with 'Migration'

ARTICLES

  • Is lack of affordability triggering an exodus from coastal markets?

    Redfin data suggests homeowners are relocating to less expensive inland markets
    As mortgage rates continue to climb in expensive coastal cities, more and more people are migrating to affordable markets, according the latest data from Redfin. Redfin Chief Economist Daryl Fairweather said buyers are increasingly cost-conscious, and seeking more affordable homes in low-tax states in the South and middle of the country.
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  • Redfin: Are high taxes planting the seeds of a coastal exodus?

    People are getting restless and it could mean new demand for sleepy markets
    People are fleeing high taxes on the coasts for more affordable markets in the interior. According to a report from Redfin, 24% of Redfin's website users who were searching for a home in the second quarter looked to move away to a new metro area. This is a 3% increase in restlessness over last year at this time.
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