Facebook Twitter Instagram
    Trending
    • The Path to Rising Lumber Prices
    • CFPB Rule Says Tenants Can Hold Debt Collectors Accountable for Illegal Evictions
    • Summer Home in the Hamptons Rents for $2 Million
    • Billions in Coronavirus Aid Is Slow to Reach Renters & Landlords
    • Were America’s Homes Ready for the Pandemic?
    • Top 10 Counties with Highest Effective Property Tax Rates
    • Local Market Monitor’s National Economic Outlook for April, 2021
    • Home Builder Confidence Remains Strong
    Twitter
    Real Estate Investing Today
    • Home
    • RE Journal
    • ROI Magazine
    • National REIA
      • National REIA
      • Find a REIA near you!
    • Podcasts
    • Housing Data
    • Contact Us
    Real Estate Investing Today
    You are at:Home»Market Trends»Record Number of Redfin Users Looked to Move to a Different Metro in Q3

    Record Number of Redfin Users Looked to Move to a Different Metro in Q3

    0
    By Brad Beckett on November 10, 2020 Market Trends

    According to new research from Redfin.com, 29% of their users looked to move to a different metro area in Q3, 2020.  Santa Barbara (CA) tops the list followed by followed by Louisville (KY), Buffalo (NY) and several other affordable metros in the South & Northeast with positive net in-flow (the number of people looking to move in minus the number of people looking to leave).  Indeed…

    “Remote work has opened up a whole new world of possibilities when it comes to buying a home,” said Redfin chief economist Daryl Fairweather. “Many residents of expensive areas like New York or Los Angeles couldn’t manage to afford rent and save for a home at the same time. So it’s no wonder that these folks are looking to buy homes in much more affordable places like Louisville and Little Rock.”

    “Out-of-towners tend to have a different frame of reference for how much a home should cost,” Fairweather said. “That means people moving in from a pricey place like New York or Los Angeles consider buying more expensive homes than locals. Out-of-towners who work remotely may also have higher house-hunting budgets.”

    Click here to read the full report at Redfin.com.

     

    Share this:

    • Click to email this to a friend (Opens in new window)
    • Click to print (Opens in new window)
    • Click to share on Twitter (Opens in new window)
    • Click to share on Facebook (Opens in new window)
    • Click to share on LinkedIn (Opens in new window)
    • Click to share on Pinterest (Opens in new window)
    • Click to share on Reddit (Opens in new window)

    Related

    Brad Beckett
    Brad Beckett
    • Website
    • Facebook
    • Twitter

    Director of Education & Outreach, National Real Estate Investors Association

    Related Posts

    The Path to Rising Lumber Prices

    CFPB Rule Says Tenants Can Hold Debt Collectors Accountable for Illegal Evictions

    Summer Home in the Hamptons Rents for $2 Million

    Comments are closed.

    Emergency Rental Assistance Program
    Stay Informed!

    Simply enter your email address in the space below to receive our latest posts right in your mailbox! It's FREE!

    Join 2,191 other subscribers

    Podcasts
    podcasts
    Survey of the Quarter:
    • Most Recent Posts
    April 23, 2021

    The Path to Rising Lumber Prices

    April 22, 2021

    CFPB Rule Says Tenants Can Hold Debt Collectors Accountable for Illegal Evictions

    April 22, 2021

    Summer Home in the Hamptons Rents for $2 Million

    April 22, 2021

    Billions in Coronavirus Aid Is Slow to Reach Renters & Landlords

    Benefits of Joining National REIA
    Click here to find a REIA!
    The Latest issue of the RE Journal
    RE Journal Spring 2021
    Follow us on Twitter: @REI2Day
    My Tweets
    Keyword Search
    Archives
    Real Estate Investing Today
    National Real Estate Investors Association
    2755 Mansion Place
    Crestview Hills, KY 41017
    888-762-7342
    www.NationalREIA.org
    Top 100 Real Estate Investing Blogs & Websites on the Web
    Categories
    About Real Estate Investing Today

    Real Estate Investing Today is the news aggregation site for the National Real Estate Investors Association (NREIA) and features news & industry updates to help investors stay informed. Learn more at www.NationalREIA.org

    Media Inquiries

    Media Inquiries Click here

    Copyright 2021 Real Estate Investing Today
    • Home
    • News
    • Legislative
    • Market Trends
    • Residential
    • Data
    • Rentals
    • Crowdfunding
    • Legal
    • Regulations & Taxes
    • Infographics
    • Technology

    Type above and press Enter to search. Press Esc to cancel.

    loading Cancel
    Post was not sent - check your email addresses!
    Email check failed, please try again
    Sorry, your blog cannot share posts by email.