Skip to main content

One-Quarter of Q4 Homebuyers Looking in Outside Metros

Phil Hall
Jan 31, 2019
For the third consecutive month, homeowners are insisting their residential properties are appreciating at a faster than appraisers’ opinions

One-quarter of house hunters looked to relocate to another metro area during the fourth quarter of 2018, according to new data from Redfin. This is up slightly from 23 percent one year earlier.
Working from a data analysis of one million Redfin users across 87 metro areas, Redfin determined that the highest net outflows for the fourth quarter occurred in San Francisco, New York, Los Angeles, Washington, D.C., and Denver. Sacramento, Phoenix, Atlanta, Portland and Seattle topped the list for the fourth quarter’s highest net inflows.
"In both Seattle and Denver prices were growing rapidly in 2017 and early 2018 to the point that buyers backed off in the second half of 2018," said Redfin Chief Economist Daryl Fairweather. "However, people looking to leave high-tax metros for a city with mountain views and top-notch hiking are more likely to pick Seattle over Denver because Washington State doesn't have an income tax. In fact, the top destination for Denverites looking to leave is Seattle."

Jan 31, 2019
Fannie Mae Introduces Spanish-Language Homebuyer Education Program

The new platform, HomeView en Español, aims to bridge language barriers hindering Hispanic-Americans from purchasing homes..

Sep 29, 2023
Layoffs At

After a rocky market debut, has laid off staff.

Sep 25, 2023
CFPB Issues Guidance On AI In Credit Underwriting

Creditors must provide specific and accurate reasons for credit denials, even with complex AI models.

Sep 19, 2023
Intercontinental Exchange Completes Black Knight Acquisition; Births Dark Matter Technologies Under Constellation Software

Rich Gagliano takes the helm at Dark Matter Technologies, poised to lead the future of Empower LOS with a 1,300-strong team, blending startup agility with decades of industry experience.

Sep 18, 2023
FHFA Invites Public Engagement On Modernized Credit Score Transition

Stakeholder forums and listening sessions planned to ensure seamless rollout; extended timeline for bi-merge credit report requirement in play.

Sep 11, 2023
Desperation Drives Difficulty in Closing Mortgages in California

Analysis reveals California among top 20 toughest states for mortgage closures.

Sep 11, 2023