By Rob Chrisman
Posted To: Pipeline Press
According to the U.S. Census Bureau, the national mover rate has remained stable (between 11.5 and 12.5 percent) since 2008. In 1948, about 1 in 5 people moved over a one-year period, that number is now 1 in 9. Between 2013 and 2014, suburbs experienced a gain of 2.2 million movers, whereas cities experienced a loss of 1.7 million people – despite all the chatter about the urban revolution. Renters exhibit the highest mobility rates , with 24.5 percent of people living in renter-occupied housing units living elsewhere one year earlier, whereas the mover rate for those living in owner-occupied housing was 5 percent. Non-Hispanics had higher migration rates than Hispanics and employed individuals were less likely to move, unless it was for a job, as this was the number one reason for moving….(read more)
Via:: Affordable Housing Lawsuit; Down Payment Assistance Program Primer
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