Economic Slump Decreases Moving figures across America

Although America faces a lack of mobility due to the economic downturn, local mobility is on the rise

The Census Bureau reports that the housing crisis has negatively influenced the moving industry. The Bureau found that people on the move declined to 35.2 million in a space of a year from March 2007 to March 2008. Lack of mobility, experts argue, results from a decrease of job opportunities across America, or by people unwilling to take the jobs that are made available.

Despite the Bureau's results moving companies across America report a slightly different story. Across the country, the housing crisis led many to realize that trading may be extremely practical to selling one's property, in a real estate market where demand for buying is very low. Despite the housing crisis property exchange increased demand for moving companies.

Professional movers in New York report only of a small decrease in people moving in and out of the NY due to increased rent prices. Large scale businesses, in NYC, are buying up properties in low income areas, throwing out original tenants, and rebuilding the area at prices that the inhabitants could not afford. New Yorkers are being forced to move out of homes they have rented their entire lives, because they cannot afford their newly raised rent prices. With many people moving, the demand for moving companies is surging high.

Although the economic downturn has created a lack of mobility in the once wanderlust American society, regional reports by professional moving companies show that financial uncertainties actually spur on local mobility as people relocate to low rent areas, exchange properties or move in with families.