Remote work is accelerating the trend of migration away from expensive places like New York and San Francisco toward relatively affordable inland areas, where out-of-towners are winning bidding wars and driving up home prices.
Nationwide, 28.7% of Redfin.com users looked to move to another metro area in July and August, up from 27.4% in the second quarter and the highest share since we started tracking migration.
Last month, we published a preliminary look at third-quarter migration patterns, which showed that 27.8% of home searchers were looking to move to another metro in July. This report includes data from both July and August.
The national housing market is booming as the coronavirus pandemic changes what people look for in a home, such as more space to work and do schoolwork and bigger yards. Those are also reasons why people are continuing to leave expensive coastal areas like New York, San