Newest MLS Condo Reports for 1/21/2014 by Elaine360

Here are my updates for January 21, 2014

1-21-2014 New MLS Condo Report

1-21-2014 MLS Condo Inventory

1-21-2014 MLS Caravan

The Decline in Geographic Mobility

Geographic mobility, the movement of people within the United States, declined steadily over the past three decades. Between 1984 and 1985, 20.2% or one out of every five Americans over the age of 1 year moved. In the most recent period, between 2012 and 2013, the mover rate was only 11.7%. The mover rate is a measure of geographic mobility provided by the Census Bureau, calculated by taking the number of movers divided by the total population over 1 year old.

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The decline in geographic mobility is due to a combination of factors. In a recent paper from the Federal Reserve discussion series, researchers find declining labor market transitions, rising homeownership rates, and an aging population to be contributing factors.

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Elaine                                                     
DRE #00598428
Senior Director, Coldwell Banker New Homes Division
With over 200 condominium, townhome and loft projects successfully marketed

“Fewer properties for sale with such remarkably low interest rates make it a great time to sell but a more difficult time to buy”

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