Why American Relocations Are Plummeting
Summary
A recent study shows fewer Americans are moving within the country compared to the pandemic years. High housing costs and expensive mortgages are making many people stay put, especially in larger cities.Key Facts
- Domestic moves in the U.S. dropped significantly in the second quarter of 2026.
- Longer-distance moves fell more sharply than moves within the same city.
- High housing prices and mortgage costs are major reasons people are staying in their homes.
- Many homeowners have low-interest mortgages, making it costly to sell and move.
- Young adults find homeownership harder due to a lack of affordable homes.
- Some people are moving to smaller Midwestern cities with cheaper housing.
- Remote work increased moves during the pandemic but this trend slowed in 2023-2024.
- 43.5 million U.S. households spent more than 30% of their income on housing in 2024.
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