Nationwide, 24.1 percent of homebuyers looked to move to a different metro during the three months ending in November, according to a new report from Redfin.
This percentage is on par with the record high set in the summer and up from around 18 percent before the pandemic.
High mortgage rates and the uncertain economy are discouraging Americans from moving, with home sales down more than 30 percent from a year ago. But among the people who are still buying homes, one in four are searching outside their hometown, typically in relatively affordable areas. That’s largely because some remote workers are still relocating to more affordable parts of the country as high rates and infla