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More Looking for Mortgages Far, Far Away
May 05, 2009It seems the current recession could be prompting significant migrations from certain parts of the U.S., similar to a trend seen during the Great Depression. And not only are Americans moving, they’re moving farther, according to new data. A survey from Relocation.com released Tuesday shows consumers are moving longer distances and making more out-of-state moves compared to a year ago, mainly due to economic factors like the loss of a job. The percentage of respondents who moved more than 1,000 miles reached 70%, nearly double the figure recorded in a similar survey conducted in early 2008.
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