Redfin Reports 2022 Homebuyer Migration CRASH (in these Cities)

New Data from Redfin is showing that Homebuyers are FLEEING the Housing Market. But in certain cities more than others. 2022 Housing Crash NEXT?

The metros with the most outward homebuyer migration include San Jose, Los Angeles, New York, Seattle, and Boston. These Housing Bubbles are at risk of turning into a Housing Crash soon if these homebuyer exodus doesn't stop.

Meanwhile, Housing Markets like Miami are booming, with thousands of homebuyers looking for a home in early 2022. Other Florida Cities like Tampa, Cape Coral, and Sarasota also rank high on Redfin's Homebuyer Migration Charts. These metros could see their Housing Bubbles last a bit longer.

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Redfin Homebuyer Migration Article: https://www.redfin.com/news/q1-2022-housing-migration-trends/
Redfin Data: https://www.redfin.com/news/data-center/migration/

But there's another interesting trend developing through this data: a big SHIFT in homebuyer and real estate investor demand. A metro like Atlanta, which previously topped the charts for real estate interest, has fallen below pre-pandemic levels. The same goes for housing Markets in Austin, Portland, and Salt Lake City.

The migration narratives of the last five years are about to get re-shaped as homebuyers leave expensive "2nd tier" cities they previously flocked to. The beneficiaries will likely be even cheaper Midwest/Southern Metros. Oklahoma City, Indianapolis, and Milwaukee have been some recent gainers.

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