Big City Exodus: Report Finds Majority of Shoppers Looking to Relocate for Budget and Lifestyle
Notably, big cities New York (71.7%), Boston (72%), and Chicago (72.6%) joined the top 10 metros with the highest out-of-market search rates.
The Dashboard also includes forward-looking analysis on how many households could qualify to buy a median-priced home if mortgage rates fall to 6%.
WASHINGTON—The National Association of Realtors published the NAR Market Statistics Dashboard today. The Dashboard is a member-exclusive tool that provides NAR members with unparalleled local housing data that enhances their ability to help their clients buy and sell homes.
“The new Dashboard is a tool that enables NAR members to stay ahead of the market and better serve their clients. Using exclusive NAR data, the Dashboard is a one-stop shop that equips members with insights into shifts in affordability, demand, and the economy. This allows agents who are Realtors® to advocate on behalf of their clients with confidence and achieve better outcomes," said Lawrence Yun, NAR chief economist.
The interactive Market Statistics Dashboard is updated monthly and provides NAR members with metro data on:
The Dashboard also includes forward-looking analysis on how many households could qualify to buy a median-priced home if mortgage rates fall to 6%. This enables members to better guide clients through the homebuying and selling process.
The analysis shows that even a modest decline in mortgage rates can improve affordability. If mortgage rates fall to 6%, NAR expects that an additional 5.5 million households in America, including 1.6 million renters, will have the income needed to buy a median-priced home. Approximately 10% of the additional households would be expected to buy over the next 12 to 18 months if rates decline.
These affordability gains are expected to support stronger housing activity. NAR's latest forecast projects a:
Dr. Lawrence Yun, NAR Chief Economist, will demonstrate the new NAR Market Statistics Dashboard and share his midyear forecast on the economy and housing market during the Forecast Summit webinar on July 16, 2025, at 2:00 p.m. ET. Click here to register (https://www.nar.realtor/events/nar-real-estate-forecast-summit)
Members can access the Market Statistics Dashboard here (https://www.nar.realtor/research-and-statistics/housing-statistics/metro-market-statistics). A login is required.
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