Blog Archives

More Americans Are on the Move, Survey Says

More households are moving to East Coast states while leaving Rust Belt states — the area in the U.S. between the Midwest and the Northeast — where unemployment remains high, according to the latest Atlas Lines Migration Patterns study, which has tracked the nation’s moves since 1993. 

For the fifth year in a row, Washington, D.C., had the highest percentage of inbound moves while Ohio had the highest percentage of residents leaving, or “outbound moves.” Meanwhile, western states mostly stayed balanced in moves for the year. Several southeastern states, such as Florida and Georgia, also stayed balanced in moves despite high foreclosure rates, possibly because they also serve as retirement hot-spots, according to the survey.

The summer months continued to have the largest number of moves per season, according to the survey. 

The following is a list from the Atlas Van Lines’ 2011 Migration Patterns study showing the top outbound states for moves (in which more than 55 percent of total shipments moved out of the state) and inbound states (in which more than 55 percent of total moving shipments moved into the state). The list is in no particular order. 

Top Outbound States for Moves

  • Ohio
  • Indiana
  • Illinois
  • Kansas
  • Nebraska
  • Utah
  • Minnesota
  • Wisconsin
  • Louisiana
  • New York
  • Massachusetts
  • Connecticut
  • Delaware
  • New Jersey
  • West Virginia
  • Missouri
  • Kansas
  • Hawaii 

Top Inbound States for Moves

  • Washington, D.C.
  • Maryland
  • Texas
  • Virginia
  • North Carolina 
  • New Hampshire
  • Rhode Island
  • New Mexico 
  • Alaska
  • North Dakota
  • Tennessee

Source: Atlas Van Lines 2011 Migration Patterns

Read More

Some Good Signs for the Real Estate Market

Some Good Signs for the Real Estate Market

Sales ticked up for existing homes and new homes, several real estate market indicators revealed last week, pointing to a housing market that may finally be entering recovery mode. 

In the most recent report, the Census Bureau reported that the new-home market continued its rebound, with sales of new houses once again inching up last month. New-home sales rose 1.6 percent from October to November to an annualized rate of 315,000, and sales were up nearly 10 percent compared to November 2010. 

The median sales price of a new home in November was $214,100, the Census Bureau reported, and the inventory of new houses nationwide decreased to a six-month supply at the current sales pace. 

"Inventories of new homes are very low: There's nothing on the shelf, so any increase in new home sales will translate directly into new housing starts," Bob Denk, senior economist at the National Association of Home Builders, told CNNMoney. "That means putting people back to work."

Other recent good news for the housing market: November sales of existing homes increased 12 percent year-over-year, new-home building starts were up nearly 21 percent year-over-year, and mortgage rates reached new record lows last week, pushing housing affordability even higher. 

Source: “New Home Sales Edge Up,” CNNMoney