Major freeways through downtown Miami surrounded by the buildings of the financial district as shot from an altitude of about 800 feet during a helicopter photo flight.
Miami was the most popular destination for home relocations in January, according to data from online real estate firm Redfin.com.
The glitzy coastal city joins five other Florida cities and towns that made Redfin's top 10 list for net migrations: Tampa, Cape Coral, Orlando, and North Port-Sarasota.
“A lot of buyers have flocked into coastal Florida from out of town over the last several months,” said Elena Fleck, a Redfin agent in Palm Beach. “Buyers moving in from places like New York and San Francisco are helping the local market recover from last fall’s housing downturn."
Miami is not an especially cheap place to live. The average sale price for a Miami home was $470,000 in January, which is well above the $383,000 national median. However, many buyers are coming from even more expensive locales. In New York, which was the top place of origin for relocators, the typical home sold for $650,000 in January.
"They’re not nearly as fazed by high mortgage rates because homes here are so much less expensive than their hometowns, and they get larger lots, pools, nice weather and lower taxes," said Fleck about the homebuyers.
Redfin said a record one-quarter of users were looking to move to a different metro area in January, as work from home and high housing prices have pushed many to seek greener, more affordable pastures. The cities with the most outflow included San Francisco, Los Angeles, New York, Washington, DC, and Chicago.
Other popular destinations outside of Florida included Sacramento, Las Vegas, and Phoenix
Are Gen Z and Millennials done with alcohol? Bacardi's Tony Latham breaks down trends, new preferences, and insights from the 2025 Cocktail Trends Report.
Comscore’s Paul Dergarabedian breaks down the battle of summer blockbusters, from Superman to Jurassic World and Fantastic Four and what it means for studios.
VENU CEO JW Roth breaks ground on a 20,000-seat, state-of-the-art amphitheater in Texas—part of a $300M public-private expansion to redefine live music.
Despite healthcare spending cuts, medtech stocks like Edwards Life Sciences, Stryker, and Boston Scientific are rising, especially those serving older pati
The original Birkin bag created by Hermès for Jane Birkin in 1984 is up for auction in Paris. Sotheby’s expects the iconic bag to sell for hundreds of thousands of euros on Thursday.
Elon Musk’s artificial intelligence company is taking down antisemitic comments and other “inappropriate posts” made by its Grok chatbot, including some praising Adolf Hitler.
Joby CPO Eric Allison discusses the UAE’s historic EVTOL take off, marking Dubai as the launchpad for global air taxi adoption and Joby’s commercial readiness.
CFRA’s Angelo Zino joins us to unpack Meta’s Superintelligence Labs and what it means for the future of AI, innovation, and the company’s bold new direction.
