Since 1984-1985, migration rates have continued to decline, in terms of both short- and long-distance migration. Eye on Housing staffer Na Zhao takes a look at these numbers and the reason behind these declines, which include an aging population and rising home-ownership rates.
Young adults, 20-34 years old, are among the most severely affected by this trend. Since 2000, they have registered the steepest declines with the Great Recession possibly changing their migration behavior:
Moreover, the connection between mobility and home ownership is notable because it illustrates both cause and effect. Home ownership is often associated with reduced population mobility. Indeed, many of the positive social and individual benefits that accrue from home ownership are due to households settling and establishing roots in communities. But recent weakness in home ownership among younger households may in fact be caused by the reduced mobility of young people