10 hottest housing markets for out-of-town homebuyers
Affordability hurdles for homebuyers are pushing consumers further from costly housing markets and into cities with more favorable conditions.
Metropolitan areas seeing an influx of migration are big cities that still have relatively affordable homes and strong job markets, according to a Redfin report.
Conversely, costly coastal metros, like San Francisco and New York, are experiencing the greatest net outflow of residents. Cities where consumers are moving to have property values around $150,000 below areas seeing migration losses.
Here’s a look at 10 housing markets where buyers are looking to move — and the high-cost markets they're fleeing.
The data is based on a Redfin analysis of more than 1 million home listing searches across 75 metros during the third quarter. Net inflow and outflow were calculated by taking the number of users looking to leave a metro area and subtracting the number of users looking to move to the city or to another metro area.