10 housing markets where homebuyers are pouring in

Clients want more bang for their buck and are snapping up homes in locations where their investment goes further.

“Many of the buyers I work with are moving away from expensive places in California to escape high taxes, traffic and natural disasters,” Van Welborn, a Phoenix-area Redfin agent, said in a statement.

Homebuyers are looking outside their own cities and states to find areas that offer more space and amenities for the same or less money. Now, certain metros are emerging as popular places to call home.

“People are feeling more confident about the economy and now feel financially secure enough to make a cross-country move,” Daryl Fairweather, Redfin chief economist, said in a statement. “Homeownership may be out of reach for current residents of San Francisco or New York, but there are plenty of affordable homes and lower taxes in places like Phoenix, Atlanta and Austin. As more workers move to these places, there is a chicken-and-egg phenomenon where more companies open offices, which attracts even more workers.”

From east of the Blue Ridge Mountains to the Valley of the Sun, these are the 10 housing markets with the highest influx of people, according to Redfin.

The data, ranked by greatest levels of net inflow, is based on a Redfin analysis of more than 1 million home listing searches across 87 metros during the first quarter of 2019.

Speak Your Mind