PHOENIX — Phoenix ranked third in Redfin's list of cities users were looking to move to based on data gathered by the online real estate brokerage during October and November. The real estate firm's report examined how many people were looking to move to various cities compared to how many were looking to leave.
“A lot of folks who live in small urban condos and houses are realizing they can get more space for their money outside the city,” said Redfin agent Leslie White in a statement. “Given the newfound freedom to work from home, a lot of people are buying bigger homes with outdoor space in the suburbs or even farther out if they only need to commute into the city once or twice a month.”
According to the data, which came from a sample of over 2 million Redfin users, Phoenix had 7,667 more Redfin users looking to move into the area than looking to leave. Last year, in contrast, the city had 5,129 more people looking to move in than to leave. Users were only included in the data if they had searched 10 or more homes in a particular city, and "homes in that area must make up at least 80% of the user’s searches," according to the report.
Read the full article at Phoenix Business Journal.