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.

Industry Briefs May 21, 2021

Quicken Loans, Detroit, announced it will officially change its name to Rocket Mortgage on July 31. This change will bring alignment to the overall “Rocket” brand.