Americans Are Staying Put
from Portland Maine News Today | 2 Min News | The Daily News Now!
Americans are moving less than ever, with local moves down 4% and cross-country relocations plunging 11%. The Midwest is surging as a relocation hotspot, with cities like Indianapolis, Columbus, and Louisville leading growth — alongside Salt Lake City. Older homeowners with equity are more mobile, while younger workers stay put due to job demands, office returns, and high housing costs. This stagnant mobility is chilling the economy: home sales are flat, prices are rising slower, and homeowners cling to ultra-low mortgage rates. Renters are trading down to cut costs — triggering a ripple effect that’s slowing the entire housing and economic engine. Support the show: Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN: [email protected] This is an automated, high-level news summary based on public reporting. Report issues to [email protected]. View sources & latest updates: https://sources.thednn.ai/3e1efef2308dc850
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