Monday, November 8, 2010

Relocation Stats


2010 relocation statistics are indicative of the lack of jobs and the inability of job seekers to sell their homes. I find the statistics very interesting. From 2001 - 2009, the annual average percentage of job seekers relocating is significantly different from the previous two decades. In 1986 and 1993, the spike in percentage most likely is a result of coming out of recessions. Should we expect a similar spike in relocation's once jobs return? The question is, however, will jobs return before housing prices recover? My guess is YES. Also, if we experience an increase in inflation --- which includes gas prices, where jobs are located will become an important issue for job seekers.

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