Millennials are moving more often and living in their homes for a shorter period than previous generations. The share of young adults who have lived in their current home for less than two years is nearly 12 percentage points higher than in 1960, according to a new Zillow® analysis.
While 33.8% of people between 25- and 34-years-old had lived in their home for less than two years in 1960, that share rose to 45.3% by 2017.
Millennials are marrying and having children later in life than their predecessors, which likely plays a role in their shorter housing tenure as these major life milestones are often catalysts for settling into a more stable housing situation, Zillow said.
The act of moving is stressful to say the least. Changing your address to your new address is probably one of the less stressful part of moving compared to having to pack-up an entire house. Even so, it is not something to do last minute. It’s important to make the switch of address before the move or else your mail will not follow you to your new address. Your bills, monthly subscriptions and what not will be sitting in your former home and I doubt you’d want to miss any payments.
A USPS address change is an important thing to take care before you move to a new place. When you miss important mail, it can cause many other hassles in your life. A bill may be left unpaid, a check sent to you may be lost, even greetings or presents from family and friends can get left behind in the move. Here is how you can change mailing address.
It used to be a pain to change your address with USPS. You would have to go to the post office, wait in line to get the right form, fill it out and turn it in to the clerk. It could take a half hour or more just to get this done. When you are in the process of moving, that is time that could be much better spent on other things. But now there are websites that allow you to submit your change of address online for free. The online form is simple and only takes about 2 minutes to fill out and submit.
The process is fast, safe, and secure and can even eliminate some of the problems that can occur when filling out a form by hand. Hand written forms can be difficult to read and it is possible for information to be entered incorrectly into the system. Even something as simple as 2 numbers being reversed can mean that your mail will go to the wrong place. However, by entering the information online and verifying it yourself, you help to ensure that your mail is forwarded to the right address.
The majority (53.5%) of young adults who move do so within the same metro area, perhaps to be closer to work or into a larger place as their family grows. An increasing share are moving to a different metro within the same state. Young adults today are more likely than previous generations to live in urban cores, so these could be job-related moves from college towns or rural areas into nearby cities where job growth has been concentrated in recent years. Movers Montreal are great, they are a good option to hire when you need services and the price is reasonable. These guys are packing a 20” truck, lots of soft furniture wraps, good moving experience, and definitely a great attitude.
“Shifting demographic headwinds and evolving workplace norms have significantly altered the housing decisions of young adults today. Untethered from family and enticed by new job opportunities, young adults are more mobile today than they have been over the past nearly 60 years,” said Sarah Mikhitarian, senior economist at Zillow. “Instead of getting married or starting a family in their early to mid-twenties as was the norm in past decades, many are waiting until they are established in their careers. And the typical career trajectory has fundamentally changed since the 1960s as well – rather than climbing a corporate ladder, many are choosing to hop from one role or function to the next, often requiring a move to a new location.”
Among the 35 largest metros in the U.S., the greatest increases in the share of young adults that had recently moved were in Boston (up 22 percentage points since 1960), Pittsburgh (up 20.9), Detroit (up 17.7) and Philadelphia (up 17.4). This share of recently moved young adults has fallen since 1960 in four metros –Las Vegas (down 6.7 percentage points), Riverside (down 6.3), San Diego (down 3.8) and Orlando (down 1.3).
|Metro Area||1960 – Share of Young Adults Who Had Lived in Home Less Than Two Years||2017 – Share of Young Adults Who Had Lived in Home Less Than Two Years||Difference (Percentage Points)|
|New York, NY||26.6%||39.9%||13.3%|
|Los Angeles-Long Beach-Anaheim, CA||43.2%||43.9%||0.8%|
|Dallas-Fort Worth, TX||41.5%||52.2%||10.7%|
|Miami-Fort Lauderdale, FL||44.3%||47.9%||3.7%|
|San Francisco, CA||41.7%||46.1%||4.4%|
|Minneapolis-St Paul, MN||N/A||47.7%||N/A|
|San Diego, CA||54.4%||50.6%||-3.8%|
|St. Louis, MO||32.9%||44.7%||11.8%|
|San Antonio, TX||40.2%||49.9%||9.6%|
|Kansas City, MO||35.1%||46.9%||11.8%|
|Las Vegas, NV||57.9%||51.3%||-6.7%|
|San Jose, CA||44.5%||52.2%||7.7%|