Phoenix is the top destination for people fleeing taxes, crowds and fires in California
25% of Redfin.com home searchers looked to move to another metro area in the first quarter of 2019, up from 23 percent last year, according to a new report from Redfin. The national share of home-searchers looking to relocate currently sits at its highest level on record, tied with the fourth quarter of 2018.
The latest migration analysis is based on a sample of more than 1 million Redfin.com users who searched for homes across 87 metro areas from January through March.
Phoenix re-took the top spot on the list of metro areas, outranking Sacramento with the highest net inflow of Redfin users in the first quarter. A net inflow means more people are looking to move in than leave, while a net outflow means there are more people looking to leave than people looking to move in.
The net inflow for Phoenix hit 7,949, the highest level on record not only for Phoenix, but for any metro area to date since Redfin began reporting net migration data in early 2017. The share of home buyers searching in the Phoenix metro area from other metro areas also hit a new high of 34.5% in the first quarter, surpassing the previous peak of 34.0% in the second quarter of 2018.
Comments
Post a Comment