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Real Estate - MAY 3, 2022

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Redfin reports migration hotspots in the Sun Belt are home to nation’s highest inflation rates

by Released

Some of the hottest migration destinations for homebuyers — Phoenix, Tampa and Atlanta — have the highest inflation rates in the United States, according to a new report from Redfin, a technology-powered real estate brokerage.

In Phoenix, prices of goods and services rose 10.9 percent year-over-year in the first quarter on average, the highest inflation rate of the metros in this analysis. Phoenix was also the second-most popular destination for homebuyers looking to move from one metro to another in the first quarter, behind only Miami, according to Redfin’s migration data.

Atlanta, the 10th-most popular migration destination, had the second-highest inflation rate (10.6 percent). And

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