According to the Census Bureau about 14% of the population- about 39.8 million people- moved between 2005 and 2006, about the same percent as moved the year before. The Bureau report said:
- Nearly half of the reason given for moving (18.4 million) were housing-related, such as wanting a bigger or smaller house.
- The West had the highest moving rate (16 percent), followed by the South (15 percent), the Midwest (13 percent), and the Northeast (10 percent).
- Hispanics had the highest moving rate (18 percent), followed by blacks (17 percent), Asians (14 percent) and non-Hispanic whites (12 percent).
- In 2006, nearly one-third (30 percent) of all people living in renter-occupied housing units lived elsewhere a year earlier. The moving rate for people living in owner-occupied housing units were seven percent.
- Most movers stayed within the same county (62 percent), while 20 percent moved from a different county within the same state; 14 percent moved from a different state and three percent moved from abroad.
This article is from The Real Estate Digest courtesy of Chicago Title.