Tuesday, October 31, 2006

America is on the Move

Nearly 40 million people -- 14 percent of the population -- changed addresses in 2005, according to the Census Bureau.

Only 3.7 million moved to another place because they changed their status from renter to owner. Some 3.1 million moved to establish their own household, and 4.2 million switched places because they took a new job or were transferred. About 1.4 million moved to be closer to work, and 2.8 million moved because of a change in their marital status.

According to the government, 7.1 million people move because they wanted a new or better home or apartment, and 1.6 million moved to change neighborhoods. In other words, they moved up. But 2.6 million moved down to something less expensive. Finally, about 900,000 people moved for health reasons or for a better climate.

Moving can be a chore. Yet, nearly three of every ten people moved last year were moving for the second time in last five years. Sixteen percent were moving for the third time in five years, and 6 percent switched places for the fourth time.

For all your Real Estate needs contact www.NoltingRealEstate.com and/or 636-391-9997.

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