Redfin.com user search data shows that 14% fewer homebuyers looked to move within their own metro area than a year earlier in February, compared with a 4% drop for out-of-town movers.
Florida, other Sun Belt destinations are most popular with relocating buyers
Miami, Phoenix, Las Vegas, Sacramento, CA and Tampa, FL were the most popular destinations for house hunters looking to move to a different metro in February
Source: Redfin News
Mortgage Rates Trending Lower
Mortgage rates continue to trend down entering the traditional spring homebuying season. Unfortunately, those in the market to buy are facing a number of challenges, not the least of which is the low inventory of homes for sale, especially for aspiring first-time homebuyers.
