Long distance moves between counties have been on a decline for decades, Trulia’s Chief Economist Jed Kolko reports.
Data from the Census released Current Population Survey (CPS) shows that the mobility rate remains at a low level, at 11 percent in the year ending March 2014, unchanged from the year ending March 2013. Kolko adds that the share of various reasons why Americans move has fluctuated within the past decade. Around the time of the boom, many Americans moved because they wanted a better home or apartment. This declined during the recession, together with the number of Americans who moved because they wanted to own instead of rent.