Did You Know: Reasons People Move, Choose New Locations.
According to U.S. Consumer Moving / Relocation: Attitudes and Behaviors June 2010 Survey conducted by Relocation.com, Texas and Florida are once again the leading destination states. The same trend was found in national surveys conducted in 2009. When compared to the same survey done in February 2010, 20 percent fewer movers are now moving to California. Texas and Florida showed an increase of 50 percent and 42 percent respectively since the February 2010 results.
The other results of the survey include:
- Compared to the results from the winter of 2010, it seems that financial and economic issues still continue to exert an effect on U.S. moving behaviors but there are signs in the present survey results that the worst of the recession crisis may be over.
- Whereas in the February survey almost one in five respondents (18 percent) indicated that they moved to a new location with a lower cost of living and/or cheaper rent; this percentage dropped to 7 percent in June.
- Furthermore, only 1 percent of the consumers who took the survey in June indicated that they lost their home through foreclosure which is considerably lower than the 5 percent rate observed in the February survey.
- And, although 13 percent of the consumers moved in February because of a job loss, only 4 percent of the consumers in June moved for that reason.
- Another encouraging sign is that 4 percent of May/June movers were able to purchase a home for the first time due to the decline in home prices while another 10 percent moved to a bigger, better home or a better neighborhood.
- 18 percent of all May/June movers are homeowners who moved and purchased a new home (up from 12 percent in February) while 12 percent were former renters who moved to purchase a home.
- Overall, the biggest impact of the struggling economy continues to be in the lower percentage of consumers making Long Distance Moves (1,000 miles or more) compared to survey results from 2007-2008.