Redfin Reports Florida and Texas Are Gaining Residents at a Much Slower Rate Than They Used to, Eating Into Homebuyer Demand
Redfin Corporation (RDFN)
Last redfin corporation earnings: 2/12 04:01 pm
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Source: Business Wire
The rising cost of housing and the increasing frequency of natural disasters are slowing migration to certain Florida and Texas metros SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — The flow of U.S. residents moving into Florida, Texas and other parts of the Sun Belt slowed significantly in 2024, according to a new report from Redfin (www.redfin.com), the technology-powered real estate brokerage.Tampa had a net inflow of just over 10,000 residents in 2024, less than one-third the 35,000-person net inflow the year before, marking the biggest slowdown in domestic migration of the 50 most populous U.S. metros. Net inflow is how many more U.S. residents move into a metro area than move out; it includes domestic moves only.Dallas saw the next-biggest slowdown, with a net inflow of roughly 13,000 residents in 2024, down from 35,000 the year before. Next comes Atlanta, which had a net outflow of nearly 2,000 in 2024, meaning 2,000 more U.S. residents moved out of the metro than in. That’s co
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