Long Distance Moves Hit Record Lows

by Rob Wicker

The Associated Press reported that fewer Americans are relocating to other parts of the country. This is due to a sluggish economy and younger people without jobs staying closer to home.

According to the Census Bureau, the share of long distance moves fell to 4.3 million people, 1.4% percent of the population. Overall, 38 million people, roughly 12.5% of the population, made some kind of move to a new residence. The percentage of people who moved within the same county increased slightly in 2010 from 2009.

The level of people making long moves had already declined prior the recession due to an aging baby boomer population that is less mobile.

What do fewer long distance moves mean for real estate practitioners? Reaching people in your immediate area is more important than ever. You may want to consider Homes & Land magazine. Our Publishers distribute tens of thousands of magazines annually in the local marketplace.

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