The National Observer | Real Estate Edition | Jan. 27 | Households still looking to relocate

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Fewer people are buying homes these days, but a higher percentage of people are looking to buy a home outside of their metro area, suggesting relocation trends remain strong nearly three years after the pandemic's onset.

Data by Redfin Corp., which analyzed the activity of about 2 million users on its website who viewed for-sale homes online across more than 100 metro areas between October 2022 to December 2022, found a record 24.6% of Redfin users in Q4 looked for homes outside of their market.

That's up 22.1% from a year earlier and about 18% more than before the pandemic.

Here are other top real estate stories from around the ACBJ network:

1. The owner of Twitter Inc.'s headquarters in San Francisco and a downtown Seattle landlord have separately sued the social-media giant over allegations of unpaid rent.
2. CoStar Group Inc. is mulling a purchase of Realtor.com's operator, currently owned by Rupert Murdoch's News Corp.
3. Meta Platforms Inc. has put 435,000 square feet of its office space on the sublease market in San Francisco.
4. Public filings indicate what could be included in The Walt Disney Co.'s upcoming office campus in Orlando, Florida.
5. Fallout on economic development projects is already being felt from the expiration of Texas' Chapter 313 incentives program.
6. D.R. Horton Inc. is preparing to ramp up its housing starts this year.
7. The Lego Group is relocating its North American headquarters from Connecticut to Boston.
8. Will the economies of rural areas and small towns benefit from permanent trends from the Covid-19 pandemic?

Built by Ashley Fahey, editor of The National Observer: Real Estate. Reach me with tips, questions and feedback at afahey@bizjournals.com