The percentage of Americans who move is at its lowest at just 8.7% in 2022, a significant drop from the nearly 20% rate observed in the 1960s.
Frey's analysis indicates specific trends such as younger adults living with parents longer, while older homeowners delay moving. Remote work and high housing prices also contribute.
The local moving rate fell to below 5% in 2021-2022, while long-distance moves experienced a slight increase to about 1.5%, reflecting changing migration patterns.
According to William Frey, factors like two-income households and the residual effects of the COVID pandemic continue to suppress overall migration rates in the U.S.
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