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updated July 19, 2022

THE GREAT MIGRATION CONTINUES

Here Are The American Cities People Are Leaving And Moving To, Visualized

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Here Are The American Cities People Are Leaving And Moving To, Visualized
Redfin data shows that Miami is still hot property, the Nor-Cal exodus is kind of real and that New York City is back.
 what Redfin's latest migration analysis shows. They crunched numbers based on two-million customer searches for homes in 100 metro areas.

Redfin analysts made sure a user viewed at least 10 homes in a metro area and that those locations made up for more than 80 percent of their searches. Here's what Q2 2022 search data showed them.

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 Updated infor Nov 16, 2021

In Austin, Texas, and cities around the country, prices are skyrocketing, forcing regular people to act like speculators. When will it end?

 

Quote from above article

"... the cruel realities of America’s housing market, in which home prices nationwide have risen by an astonishing 24.8 percent since March 2020. And this first lesson, appropriately enough, demonstrated just one of many ways that the old, measured rules of home-buying no longer applied — that the cutthroat competitiveness that once defined only a few U.S. markets (San Francisco, New York, Los Angeles) had now become standard across the country, as the median home price in small- and medium-size metropolitan areas rose by jaw-dropping levels: Boise, Idaho, 46 percent; Phoenix, 36 percent; Austin, 35 percent; Salt Lake City, 33 percent; Sacramento, 28 percent.

By bidding on two properties she had never visited, in a city nearly 2,000 miles away, Amena joined the 63 percent of North American home buyers in 2020 who made at least one offer on a home that they had never stepped into. Homes had been one of the few things resistant to online shopping: We browsed online, but we didn’t buy. The pandemic changed that. The result was a market that moved much, much faster.

 

 

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 Updated info Jan 25, 2021

Becoming a Landlord Looks Good on Paper. In Reality, It’s Much Harder

What to consider before turning your old home into a rental property

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October - November 2020 various articles regarding the Real Estate Market

 update: Oct 21, 2020

A Dozen Mid-Sized Markets to Watch in 2020

  • Boise, Idaho, Huntsville, Ala., and Ogden, Utah, top Zillow’s list as the top mid-sized metros to watch.
  • This analysis heavily weighted home value and forecasted value growth, how quickly a home sells, the share of homes that sell above list price, and monthly sale counts.
  • These mid-sized metros offer more bang for the buck than many big cities, as people rethink how — and where — they want to live in the new COVID-era normal. 

NOTE: this page gets updated during October and November, stay tuned. Follow this page to be notified.


5 housing markets most at risk from coronavirus recession

The Philly region’s luxury housing market is chasing the middle market’s success

 

by Michaelle Bond,

 

 

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