Sunday, September 29, 2013

Fewer Are Moving

Those waiting for an uptick in the nation's geographic mobility rate will have to wait awhile longer. Fewer Americans are moving, according to American Community Survey results. The ongoing decline in mobility casts doubt on rumors of recovery in the housing market.

Between 2007 and 2012, the number of people aged 1 or older who moved from one house to another in the United States fell by nearly 1 million—from 45.7 million to 44.8 million. The percentage who move has declined in every year, falling from from 15.4 percent in 2007 to 14.4 percent in 2012.

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