One reason existing home sales and inventory have recovered so slowly is a decline in moving. The percentage of Americans that moved fell to an all-time low of 11.2% in 2016 from a peak of 42% in the early 1950s. Numerically, moving activity topped out in 1984 at 45 million and has steadily fallen to 35 million today, the same level as in 1962. The average American moves 11 times.
Elliot F. Eisenberg, Ph.D.