Between April 2020 and April 2021, 16% of American workers moved. That is the first increase in over a decade. In fact, the number of people who change residence each year had been declining since the mid-1980s.
Over the last decade, households earning over $150,000 were the least likely to move, according to Apartment List. In 2010 the Census Bureau's mover rate was 27% among workers living in households earning less than $25,000. For households earning $150,000 or more, it was only 9%.
But during COVID, those households posted the largest jump in residential migration.
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Leslie Shaver
Les Shaver has been covering commercial and residential real estate for almost 20 years. His work has appeared in Multifamily Executive, Builder, units, Arlington Magazine in addition to GlobeSt.com and Real Estate Forum.
