The number of home seekers looking to change metro areas reached an all-time high in Q4, according to Redfin, as those who did purchase homes sought relief from elevated mortgage rates and a more affordable address.

Redfin pegged 24.6% of its website's users up from 22.1% a year earlier and around 18% before the pandemic.

Add economic uncertainty to the list of factors, and it and the others were what caused the overall pool of homebuyers to shrink, Redfin wrote.

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