RISMEDIA, July 12, 2010—Attracted by its relatively stable real estate prices and lower unemployment rate—8.5% in June—more Americans decided to head to the Lone Star State, according to a new consumer survey conducted by Relocation.com. This shift to Texas represents a 50% increase from Relocation.com’s February 2010 findings, which had California topping the list of desirable destination states. In the current survey, California falls to third with Florida coming in second and North Carolina and Georgia rounding out fourth and fifth respectively for the top five U.S. destination states.
Moreover, Relocation.com’s survey found that fewer Americans said they were moving due to foreclosure which is indicative of similar trends within the nation’s economic status. Only 1% of the 1,068 individuals who completed the survey said they were moving because they had lost their home—a welcome decrease from the 5% who, in the February survey, cited foreclosure as their reason for relocating.
A new survey question about homeownership indicated an encouraging sign: 4% of Relocation’s survey participants said they were able to purchase a home for the first time due to the decline in home prices; while another 10% moved to a bigger, better home or a more desirable neighborhood.
“These survey findings underscore what we’re seeing daily as people look to us for that first step in their moving research,” said Relocation.com Chairman and Founder Sharon Asher. “We’re definitely noticing an increase in moving inquiries from households looking to relocate to Texas and Florida with fewer requests to California.
The Relocation.com survey was conducted in early June 2010 and is a continuation of consumer surveys conducted since March 2009 to gauge moving and relocation attitudes and behaviors.
For more information, visit www.relocation.com.