Foreclosure Moving Down According to New Relocation.com Survey

After a spike earlier this year, findings suggest more consumers now moving for jobs, more desirable neighborhoods

Jun 30, 2010, 09:00 ET from Relocation.com

NEW YORK, June 30 /PRNewswire/ -- While US consumers continue to work their way through an uneven economy, a new Relocation.com survey suggests there are signs of improvement in many households. In June 2010, of the 1,068 who participated in the most recent Relocation.com survey, only one percent said they were moving because of foreclosure—a 70 percent drop from earlier survey responses.

And while Relocation.com's February survey found that one in five respondents (18 percent) indicated they moved to a new location with a lower cost of living, this percentage dropped to 7 percent in June.

"Our findings trend with national data pointing to an ease in foreclosure-related moves in some regions," said Relocation.com Chairman and Founder Sharon Asher. "Through our survey and traffic patterns on our website, we'll continue to track consumer sentiment in the coming months to see how consumers are faring in these current economic conditions."

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 the full survey results, please click here.

About Relocation.com

Relocation.com is the largest online marketplace connecting consumers who are moving locally, nationally or internationally with professionals that can best service their needs. Working with many leading moving and storage companies, Relocation.com provides free quotes from quality, professional companies who can service consumers during their upcoming move. It is focused on helping make the relocation process easier and less challenging for the 40 million people moving each year. Relocation.com offers comprehensive information, tools and resources to help consumers compare, connect and learn about products and services from hundreds of relevant providers. Named in 2009 by Inc. magazine as one of America's fastest-growing companies, the company was founded in 2000 by online moving industry pioneer, chairman Sharon Asher, and is based in New York. For more information, visit www.relocation.com.

SOURCE Relocation.com



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