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Americans Staying Put

Posted by: Tim Halbur

23 April 2009 - 12:00pm

New census data released Weds. shows that fewer Americans moved this year than in any year since they started keeping track back in 1947.

"The declines appeared to be directly related to the housing slump and the recession.

'It represents a perfect storm halting migration at all levels, since it involves deterrents in local housing-related moves and longer distance employment-related moves,' said William H. Frey, a demographer with the Brookings Institution.

Moves from one state to another plunged the most, to half the rate recorded at the beginning of the decade. There were fewer total moves than in any year since 1949-50, when returning veterans and others streamed to the suburbs and the nation’s population was about half of what it is today."

Full Story: As Housing Market Dips, More in U.S. Are Staying Put
Source: The New York Times, April 22, 2009
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