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Buyers Escape High-Cost Markets | Real Estate News
Home hunters are boldly expanding their search beyond their metro areas, driven by soaring prices and a relentless pursuit of affordability. Since 2020, over 60% of online home views have been for listings outside the buyer’s local market — a dramatic leap from pre-pandemic levels. In ultra-expensive hubs like San Jose, nearly 95% of buyers look out of state, while more affordable cities like St. Louis and Cleveland retain local interest. Out-of-market shoppers are also favoring new construction, especially in southern states like Florida, where cities such as Lakeland and Cape Coral attract…
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