San Francisco, California
London, United Kingdom
The Decline in Geographic Mobility and Implications
for the Mortgage Market
Many people believe that we are becoming a more mobile society, and that geographic mobility has contributed to the falling homeownership rate. The truth is that migration has been declining for decades. Raven Molloy, a longtime researcher on this topic, documents the decline in interstate migration using several data sources. The decline is pervasive across all age, demographic, and socioeconomic groups, and Molloy finds no complete explanation for the magnitude of the drop. Sam Khater, using matched public records data, also demonstrates the decline in mobility nationally, by state, and by home value. He then cuts the data by note rate in an attempt to discern how much mobility might slow if interest rates rise.
- Sam Khater, deputy chief economist, CoreLogic
- Raven Molloy, chief, Real Estate Finance Section, Research and Statistics Division, Board of Governors of the Federal Reserve System
Registration is required to attend this event.
Lunch will be available at 12:00 p.m. The program will begin promptly at 12:30 p.m.
For inquiries regarding this event, please contact Alison Rincon at email@example.com.
When & Where
The Urban Institute is dedicated to elevating the debate on social and economic policy. For nearly five decades, Urban scholars have conducted research and delivered evidence-based solutions that improve lives, strengthen communities and increase the effectiveness of public policy. Their objective research helps expand opportunities for all, reduce hardship among the most vulnerable, and strengthen the fiscal health of government across a rapidly urbanizing world.