Monday, May 23, 2011

Homeowner Mobility Rate Unchanged

The mobility rate of the nation's homeowners remained at the record low of 5.2 percent in 2009-10, unchanged from the rate of 2008–09. In data released this morning, the Census Bureau's figures show a nation of movers paralyzed by the collapse of the housing market.

Among renters, 29.0 percent moved in 2009-10, down slightly from the 29.6 percent who moved between 2008-09. Renter mobility has changed little over the past decade--it peaked at 30.8 percent in 2001–02.

During the past decade, homeowner mobility has been as high as 8.1 percent. That was in 2001-02, a year when nearly 16 million homeowners moved. In 2009-10, only 10.8 million homeowners moved.

Source: Census Bureau, Geographic Mobility, 2009 to 2010

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