More than a quarter of potential homebuyers in the U.S. want to relocate to a different part of the country, according to recently released research from the online real estate aggregator Redfin.
Real estate watchers report that the thrust to relocate began during the pandemic and has continued to escalate ever since. Just over 23% of homebuyers wanted to relocate in 2022, up from 18% in 2019 and 2018, Redfin says.
In 2023, that figure swelled to more than 25%. Today's homebuyers tend to be look for a combination of affordability and high quality-of-life. Warm weather also helps attract new residents, Redfin reports.
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Elana Ashanti Jefferson
Elana Ashanti Jefferson serves as ALM's PropertyCasualty360 Group Chief Editor. She is a veteran journalist and communications professional. Reach her by sending an e-mail to [email protected].
