Thursday, May 13, 2010
by Broderick Perkins
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Deadline Newsroom - Americans are on the move again, most often to buy a new home or find a better neighborhood, the Census Bureau reported this week.
In 2009, 37.1 million people changed residences in the U.S., up from 35.2 million movers in 2008.
That pushed the "national mover rate" to 12.5 percent in 2009. That's up from 11.9 percent in 2008, the lowest rate since the Census Bureau began tracking data in its geographical mobility report in 1948.
The report tracks mover rates, types of movement, who moves, why and how far.
The hunt for housing was the greatest moving motivator. Seventeen million movers, 45.9 percent of those moving, said they moved to buy a new home or live in a better neighborhood.
" 'Cautious optimism' seems to be the catch-phrase for describing the near-term economic outlook, both locally and nationally. Consumer confidence is on the rebound, securities markets have performed well since the beginning of the year (the past week’s craziness not withstanding), and in the national real estate sector, foreclosures are down dramatically and sales are significantly up," said Stephan Walker a broker with Alain Pinel in Los Gatos, CA.
Other major reasons for moving included family concerns (26.3 percent) and employment needs (17.9 percent).
"I think it is safe to say that 2010 has been a pleasant surprise so far for most. Consumer spending is approaching normal. Nationwide real estate sales are approaching normal, and interest rates have stayed low," Walker added.
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Broderick Perkins, an award-winning consumer journalist, parlayed 30 years of old-school journalism into a digital real estate news service, the San Jose, CA-based DeadlineNews Group, including DeadlineNews.Com, a real estate news and consulting service and Web site, and the Deadline Newsroom, DeadlineNews.Com's news back shop.
Perkins was the first Examiner to cover three beats for the Examiner.com news service:
• National Offbeat News Examiner
• National Consumer News Examiner
• National Real Estate Examiner
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