New York, Illinois and Louisiana are expected to lose more residents than they gain this year.
“We’re seeing one of the lowest mobility rates in a century,” says Nathaniel Karp, chief economist for banking firm BBVA Compass. Karp says the recession has forced many people to stay put because they are unable to sell their homes, cannot find jobs or are unwilling to relocate for work if it means sacrificing a partner’s stable position.
The slowdown makes the question of who’s moving and why even more significant than in years past. Using 2010 projections by Moody’s Economy.com, Forbes ranked the states in which people are leaving faster than they are arriving. Economists report several overlapping trends that may be forcing people out of certain states as much as they are pulling them toward others.
CLICK HERE to continue reading