9/21

Wednesday, September 21, 2016

12:30 PM to 2:00 PM

Urban Institute

5th floor

2100 M Street NW

Washington, DC 20037

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.  

 

Speakers

  • 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
 
event materials 

 

For inquiries regarding this event, please contact Alison Rincon at arincon@urban.org.

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