People have been on the move within the US for years. Demographic changes have been clear and powerful, seeing residents and businesses shifting locations toward the South and West. It's particularly true of homebuyers in the third quarter, according to a new Redfin report.
According to the firm, 24.2%, nearly a quarter, want to shift metro areas. In the second quarter, the number was 23.3%. In 2021's third quarter, the figure was 21.6%. Before the pandemic, 18%.
The numbers are based on people doing searches on Redfin.com. The figures are net, so the number looking to move to a place, minus those leaving, are the net inflow. Similarly, those looking to move from a metro, minus those arriving, are the net outflow.
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