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NY Fed: Northeasterners less likely to move

The Federal Reserve Bank of New York's Survey

The Federal Reserve Bank of New York's Survey of Consumer Expectations showed that in February only 15.8 percent of people living in New York and eight other states in the Northeast said they expected to move their primary residence in the next 12 months. (Credit: iStock)

Fewer Northeasterners expect to move in the next year than residents of other regions of the United States, according to a new poll.

The Federal Reserve Bank of New York on Monday released its Survey of Consumer Expectations. It showed that in February only 15.8 percent of people living in New York and eight other states in the Northeast said they expected to move their primary residence in the next 12 months.

Nationwide, 20 percent planned to relocate.

The Northeast figure was down more than one percentage point from January. The national response was up five tenths of a percentage point, month over month.

The number of Northeasterners expecting to be laid off in the next years rose to 17 percent, a gain of more than 2 percentage points from January. The number expecting to leave a job voluntarily also was up, month over month, to 22 percent.

Nationwide, the Northeast was tops in both categories.

The poll of 1,200 people is conducted monthly and includes a breakout of the nine-state Northeast region.

    

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