Wednesday, March 24, 2010

Our recent blog of top reasons for moving brought some interesting up to date information

The Metropolitan Policy Program at Brookings published a 28 page study in December called "The Great American Migration Slowdown". The statistics and conclusions were from a very up to date study including trends in 2008 and 2009 on the movement of people locally, instate and interstate. In the report they cited that in 2008 the overall US migration rate was the lowest since WWII.; especially for long distance moves which went from a high of 2.6% of the population to about 1.5% of the population annually this past year. They also reported shifts in outgoing vs incoming activity in a number of states; particularly a large reduction of outgoing activity out of California, and a switch from incoming to outgoing in Florida.

"The recent migration slowdown was the by product of an unprecedented run up in both housing values and housing related debt, rendering Americans flat-footed."

The conclusion suggests that migration may approach historic levels at some point, but the patterns maybe quite different than we saw in the 1990's and early parts of this decade.

The full report can be seen at www.brookings.edu

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