SPEND 1 in 4 U.S. homebuyers want to move to a different city—here’s the No. 1 place they’re looking
https://www.cnbc.com/2023/07/30/1-in-4-us-homebuyers-want-to-move-to-a-new-city.html 1 in 4 U.S. homebuyers want to move to a different city—here’s the No. 1 place they’re looking Published Sun, Jul 30 2023 9:00 AM EDT Mike Winters @MIKEWINTRS BassittART | Getty With mortgage rates at 20-year highs , more people are looking to relocate from high-cost coastal cities to places in the South and Southwest, with Las Vegas as the top destination. Nearly 26% of property search queries on online real estate brokerage Redfin.com are for cities where potential homebuyers don’t live, based on data for the three months ending June 2023. That’s the highest percentage since 2017, when Redfin first started tracking migration data. Homeownership costs seem to be driving the trend, as the majority of homebuyers are from cities with some of the highest home prices in the country, such as New York or Los Angeles. Based on an analysis of 100 metro areas, the following 10 cities had the highest net in