Homebuyers are flocking to the Sun Belt, in a continuation of a trend spawned by the COVID-19 pandemic.
According to Redfin data, 24.1% of buyers sought to move to a new city during the three months ending in November, a percentage the firm says is on par with the record high set in the summer and up from around 18% before the pandemic. And while Sacramento was the top migration destination in November, Sun Belt metros occupy most of the other top spots on Redfin's list, with Las Vegas nabbing the #2 spot, followed by Miami, Tampa and San Diego.
In addition, half of the top 10 cities are in Florida, and Refin analysts note that the typical home in eight of the top 10 is more affordable than in the most common origin for homebuyers moving in. Seven of the top 10 are in states with no state income tax.
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