High inflation has homebuyers relocating to more affordable areas in record numbers
High inflation has homebuyers relocating to more affordable areas in record numbers | Fox Business
A record number of homebuyers are seeking to move to more affordable areas as inflation continues to soar and squeeze already cash-strapped consumers, according to a new report.
In the first quarter, 32.3% of Redfin.com users nationwide looked to move to a different metro area, according to the real estate brokerage. It’s an increase from the 31.5% of users who looked to move during this time last year and the 26% of users during pre-pandemic times.