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1379 - The Migration Boom is Ending, But Here’s Where Movers Are Still Moving by Moriah Costa

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With mortgage rates and home prices high, more homeowners are staying put, according to a report by Redfin.

The number of homeowners looking to move to a different metro area started to decline in the fall of 2023, dropping to 23.9% in November 2023. That marked the lowest share in a year and a half and below the 26% seen last summer.

While some of it also has to do with remote work becoming less popular with employers, the rate of mobility among homeowners has steadily been decreasing since the 1980s as older Americans have decided to age in their current homes.

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Manage episode 430476668 series 2813754
Konten disediakan oleh BiggerPockets. Semua konten podcast termasuk episode, grafik, dan deskripsi podcast diunggah dan disediakan langsung oleh BiggerPockets atau mitra platform podcast mereka. Jika Anda yakin seseorang menggunakan karya berhak cipta Anda tanpa izin, Anda dapat mengikuti proses yang diuraikan di sini https://id.player.fm/legal.

With mortgage rates and home prices high, more homeowners are staying put, according to a report by Redfin.

The number of homeowners looking to move to a different metro area started to decline in the fall of 2023, dropping to 23.9% in November 2023. That marked the lowest share in a year and a half and below the 26% seen last summer.

While some of it also has to do with remote work becoming less popular with employers, the rate of mobility among homeowners has steadily been decreasing since the 1980s as older Americans have decided to age in their current homes.

Learn more about your ad choices. Visit megaphone.fm/adchoices

  continue reading

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