I can tell you right now, when I move out of NYC, it won’t be Redfin catching my statistics. A report from the pioneering company shows migration patterns from ultra-expensive cities to just plain expensive cities! I mean people from SF moving to Seattle is I guess saving some dough. But I’m not so sure the migration from LA to SD is saving anyone any money.
We’ve definitely seen some stories in about Bostonians moving to Portland, Maine. But guess what – those stories all use Redfin as their source! At least we know this shows where Redfin users are searching to move, planning on moving, or actually moving. I’d be pretty interested to see the same raw stats coming from the national rental sites. Anybody seen them yet?