Homeowners looking to move are eyeing cities in this state – Thelocalreport.in

(NEXSTAR) – Homebuyers looking to offset house prices on the rise and mortgage rates close to 7% and are more willing than ever to buy outside of their city, according to a new study.

Real estate brokerage Redfin found that a near-record number of prospective buyers, 24.1%, looked to move from August to October.

As for the most searched cities, the Sunshine State dominated the top 10, despite the devastation forged by Hurricane Ian in late September. Miami landed in third overall, followed by Tampa in fifth, Cape Coral in seventh, North Port-Sarasota in eighth and Orlando in tenth.

red fin calculated the rating based on net inflow, or the number of people looking to move to a city minus the number trying to move.

Born out of necessity during the pandemic and now a valued work criterion for many, remote work continues to facilitate the movement of workers between cities and even states. A october report from the National Association of Realtors found that the two qualities that remote workers overwhelmingly valued above all others were year-round warm weather and, of course, high-speed internet.

The city of California ranks first

However, the main city of the nation was not in Florida, but in California. Sacramento saw the highest out-of-state net searches among Redfin’s approximately 2 million users.

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