Americans are staying put now more than ever, with the local moving rate hitting a historic low at just 8.7% in 2022, according to a study.
Police identified 14-year-old Colt Gray, a student at Apalachee High School, as the gunmen who killed two students and two teachers.FILE - A sale pending sign is displayed in front of a home in Sudbury, Mass. on Saturday, Dec. 2, 2023.
Americans are staying put now more than ever, with the local moving rate hitting a historic low at just 8.7% in 2022,According to Brookings, there are several factors to blame. One is the amount of time young adults are spending still living with their parents.in the United States was around 30 years old for men and 28 years old for women, but in 1960, it was 22 years old for men and 20 years old for women.
The pandemic also impacted the moving rate decrease, with remote jobs. Since the pandemic, remote jobs have become increasingly more common, so people don’t have to move to find a new position., average rent prices have skyrocketed in recent years. They’re now 33.4% higher than before the pandemic, but rental growth, which measures the increase or decrease in rental prices over a specific time, seems to have slowed from the major spikes of 2022.
Among cities in the U.S., the highest yearly average rental increase was a 7.9% spike in Hartford, Connecticut. Following that was Cleveland, Ohio with a 7.3% spike, and Providence, Rhode Island with a 6.7% annual increase.s, that Americans who are moving to new cities and states, meaning long-distance moves, are disproportionately college-educated.
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