Fewer people are moving as 'hidden' homeownership costs spike, BofA says
Moves across cities are down 4% year-over-year.
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- Rising insurance and property taxes have led to fewer people moving, new data shows.
- Those who are moving are typically younger, lower-income families looking for cheaper housing.
- As fewer people move, furniture retailers and other areas exposed to household spending are taking a hit.
Fewer people in the US are moving to new cities, data from Bank of America shows.
Moves across cities...
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