Miami Leads Migration Destinations; Austin for First-Time Home Buyers

A record 25% of home searchers looked to move to a different U.S. metro in January, many in search of relatively affordable housing, said Redfin, Seattle. And, New York, said Austin, Texas ranked highest for first-time home buyers.

More Willing to Relocate to Buy Affordable Home

Homebuyers—particularly first-time buyers squeezed by competition and soaring home prices—are considering many options, including relocating to other parts of the country, said Bankrate, New York. And according to a similar report from Redfin, Seattle, migrating could be their best option.