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96 The Big Finish Wrap your head around the market's leading indicators. 96 96 SOUTHERN REGIONS EXPERIENCE SURGE IN MIGRATION As many struggle to afford a mortgage—let alone their dream home— nationwide, many are migrating in search of more affordable areas to obtain homeownership and/or avoid being cost-burdened. CraftJack has analyzed Census Bureau data in order to determine which states Americans are moving to and from the most across the country, and the reason behind their moves. e reasons people move may vary; however, regarding the current housing market, many are motivated to relocate due to economic inflation. Like birds in the winter, many people are flocking further toward South where year-round temperatures and winters are historically better. More than 1 in 4 (26%) Americans moved out of state in the last five years. It may be no surprise, 1 in 5 moved in 2021, following the onset of the COVID-19 pandemic. So far, 13% report moving in 2022. As for why Americans are moving, the number one reason is for a job, followed by moving closer to family, wanting a lower cost of living, wanting to live in a new place, and wanting to live in a warmer climate. Many Americans are also changing the type of area where they live. More than half (55%) reported leaving the suburbs, 29% left urban areas, and 15% left rural areas. Meanwhile, 48% moved to the suburbs, 37% to urban areas, and 15% to rural areas. e average cost of moving was $3,946. Overall, most people (88%) are happy with their move. Among the 12% who are not, 88% say they would move back to their former state. Moving again wouldn't be unlikely, as the average American reports moving six times and living in two different states. Although not everyone has moved in the last five years, 63% of Americans say they've thought about it. e top reasons why people are considering moving include wanting a change of scenery (25%), wanting a lower cost of living (22%), and wanting to live in a warmer climate (10%). Source: CraftJack report, "United States of Moving: Which States Americans Are Moving to and From" STATES PEOPLE ARE MOVING TO FLORIDA TEXAS ARIZONA NORTH CAROLINA SOUTH CAROLINA TENNESSEE GEORGIA IDAHO UTAH NEVADA OKLAHOMA ALABAMA MONTANA COLORADO ARKANSAS TOP REGION MOVING TO: SOUTH STATES PEOPLE ARE MOVING FROM CALIFORNIA NEW YORK ILLINOIS MASSACHUSETTS NEW JERSEY LOUISIANA MARYLAND HAWAII MINNESOTA MICHIGAN VIRGINIA PENNSYLVANIA KANSAS OHIO MISSISSIPPI TOP REGION LEAVING: NORTHEAST