Why people move

As a continuation of our series on the Coldwell Banker 2006 Homeownership in America Survey, we will examine the reasons why people move.

Almost half, 48%, indicated they moved as a result of their employment.  Another 45% indicated a better community lifestyle while 27% indicated they were moving as a result of a relationship change.  To no one's surprise, women more than men (53% to 37%) indicated they were moving as the result of a relationship.

The recent hike in mortgage rates do not appear to be affecting the moving process.  67% of the 25,000 respondents indicated increated interest rates would not influence their move.

In what has to be a drastic change from even 25 years ago, 81% indicated they do not live in the place where they grew up and 52% live more than 200 miles from that town.  On the other hand, 56% say they still live in the same state where they grew up.

So the age old adage appears to be true, people want to move away from home - just not TOO far away.

5:46 PM - Aug. 26, 2006 - comments {0} - post comment

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