Monday, February 20, 2012

More People Moving Into CA Than Moving Out

For the first time in 11 years, the four major moving companies that release data agree: More families are moving to California than are leaving it.

For a decade, high housing prices made it hard for people to stay in the state, even if they wanted to. But falling house prices and increased hiring are enticing former Californians to come home, moving company officials said.

"I think the people realize that when we move back to California, we're never going to have interest rates or (house) prices this low," said Linda Oakley, owner of Atlas Transfer and Storage Co. in Poway, affiliated with Allied Van Lines. "We want to live in California, where it's warm and sunny and happy."

Indeed, 2,926 more families moved into California than moved out of it, the third-highest figure of any state or Washington, D.C., according to the combined data of Atlas Van Lines Inc., United Van Lines LLC and Allied Van Lines Inc. For years, California had seen more households moving out than in. In 2007, Atlas' data indicated that trend had reversed, but it didn't turn around in Allied's data until 2011.

U-Haul International Inc., which doesn't provide the same type of data, said it helped move 5.6 percent more people into California than out of it, according to spokeswoman Ashleigh Wagner.

courtesy of:  http://www.nctimes.com/blogsnew/business

Posted via email from RealtorPeg

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