Menu

Consistent with other negative housing trends, like those highlighted in the recent Q1 Zillow Real Estate Market Reports, the U.S. Census Bureau recently released the latest numbers from its Geographical Mobility study, showing a 9% decline in the national mover rate from 2007 to 2008.  Just over 35 million people, or 11.9% of the population, moved in 2008.  Compared to previous years, this is a significant drop.  The Census Bureau reported that this is the lowest rate since they began tracking this data in 1948.  Here’s a look at the numbers since 2001:

Some other interesting stats from this report:

Who moved? A large majority (76%) of movers were under the age of 40.

Where were they from? Two-thirds of those who moved lived in the South and West.

Where did they go? Among 2008 movers, 83% moved within the same state, while 13% moved to a different state and 3% moved to another country.  Cities within metropolitan areas lost 2 million movers, while the suburbs gained 2.2 million movers.

Why did they move? The most common reasons for moving were housing related, such as the desire to own a home or live in a better neighborhood.

About the Author

Director, Product Management, Mortgages - Zillow.com

  • Pingback: Top 5 real estate posts of the day – Friday 5/8/2009

  • http://www.3poundsofrealestate.com rob aubrey

    Maybe you are a good person to go to. I tried tech support, I got Manila, I’m sorry I paid with US currency.

    Then I tried the sales rep, I don’t get any emails or return calls from him any more. He got my money disappeared faster than a box of donuts at a sales meeting.

    Hmmm, no wonder Zillow’s stock price is going down. They haven’t figured out customer service yet. We are in the age of service and skill.

    Anyone care to provide service let me know

  • http://www.accessavhomes.com Palmdale homes

    Darn, I started selling real estate in the middle of 2007. Everyone told me I was “too late.” I guess they were right in a way because the market has been so depressed. There hasn’t been much besides foreclosures and short sales. Every agent I can remember who started when I did is long gone.

    Anyway, sales did pick up a bit with the $8,000 tax credit, but when that ended, I think it probably levelled right back to where it should have been. Hopefully by 2012, we’ll see it back to where it was in 2005 and 2006. Cross your fingers.

You also might like...

Red and orange room

Does Your Home Have Too Much Personality?

Jane Park 1

Zillow Speaker Series: Jane Park, Julep Founder & CEO

Zillow_HSH_Paid_900x350[1]

Don't Forget: Enter to Win $15,000 in Pottery Barn Home Decor

Mortgage Pre-Approval Now Available on Zillow Real Estate for Android

Subscribe for Zillow Blog updates

We will not rent, share or spam your account, ever. Please read and review our privacy policy.

You can also stay updated by following us below

instagram googleplus pinterest