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Redfin Corp reveals that relocation trends are actively transforming the housing market across the U.S.
Analyzing data from the 100 largest U.S. metropolitan areas, the company identifies clear favorites among homebuyers, while certain metros see increased departures. These migration patterns reflect evolving preferences driven by affordability, job markets, and lifestyle choices. Details are being clarified.
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Earlier this year, Redfin reported that closed home sales reached a post-2022 high, even as inventory levels surged and pending deals stayed flat due to higher mortgage rates here. The firm's data also showed the median U.S. home-sale price topping $400,000 for the first time, citing sustained demand here. These previous milestones frame Redfin's latest focus on shifting migration trends in the housing market.