MBA Chart of the Week Nov. 10 2022: Housing Migration

This week’s MBA Chart of the Week shows the reasons for leaving one’s previous residence. The three main reasons in the 2021 AHS are wanting a larger or better-quality home (17.7%), wanting a more desirable neighborhood (15.6%) and forming their own household (14.4%).

MBA Chart of the Week Nov. 10 2022: Housing Migration

This week’s MBA Chart of the Week shows the reasons for leaving one’s previous residence. The three main reasons in the 2021 AHS are wanting a larger or better-quality home (17.7%), wanting a more desirable neighborhood (15.6%) and forming their own household (14.4%).

Redfin: Record Share of Homebuyers Looking to Relocate

Redfin, Seattle, reported the share of homebuyers looking to relocate jumped in July as high mortgage rates and home prices motivated Americans to move to more affordable areas.

8 of 10 Largest U.S. Cities Lose Population; Sun Belt Grows

Sun Belt cities have benefited from U.S. population shifts over the past several decades, the Census Bureau reported this month; new data show the top 15 fastest-growing U.S. cities are entirely in the South and West.

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.

Record-High 1 in 3 Homebuyers Looking to Relocate

A record 32.4% of Redfin.com users nationwide looked to move to a different metro area in January, up from the previous peak of 31.5% a year ago and significantly higher than before the pandemic, when one-quarter of homebuyers sought to relocate.

Survey: Pandemic Continues to Influence Moving Decisions

United Van Lines, St. Louis, released its 45th Annual National Movers Study, showing Americans were on the move to lower-density areas and to be closer to their families throughout last year.