Study Tracks Cities Where People Are Leaving in Droves – NMP Skip to main content

Study Tracks Cities Where People Are Leaving in Droves

Nov 29, 2016
When it comes to certain metro areas, it appears that one could make more money running a moving van business than a mortgage office

When it comes to certain metro areas, it appears that one could make more money running a moving van business than a mortgage office.

A new study by ABODO of moving patterns in the 50 most-populated metropolitan areas has determined that the Virginia Beach-Norfolk-Newport News metro area in Virginia has the largest proportion of people leaving town: 10 percent of the population moved away between 2014 and 2015. Denver ranked second with the greatest one-way traffic out of town, with 9.25 percent of its residents looking for another place to live, while the Virginia capital city of Richmond ranked third with an 8.5 percent departure rate by its residents.

In comparison, a perennially troubled metro like Detroit only saw a 4.68 percent population exodus, according to ABODO. And it seems that residents in Buffalo, N.Y., and Los Angeles really love their homes: both areas had the lowest rates of people moving away at just under 3.5 percent each.

About the author
Published
Nov 29, 2016
July CPI Eases Mortgage-Rate Risk, But Doesn’t Promise Relief

Consumer inflation rose just 0.1% in July, reducing pressure for a September Fed rate hike as mortgage rates remain near their highest levels of the year

Aug 13, 2026
The Fed Held. The Mortgage Market Got A Warning.

Three policymakers favored an immediate hike, while Warsh welcomed higher bond yields and offered no clear path toward mortgage-rate relief

Jul 30, 2026
New Study Finds UWM's 'All-In' Triggered Industrywide Pricing Spillovers

Research shows wholesale competitors responded to the 2021 Rocket ban by lowering mortgage rates,

Jul 15, 2026
First Major Housing Reform In Decades Becomes Law Without Trump's Signature

Bipartisan ROAD to Housing Act advances supply, construction, and mortgage reforms despite White House protest

Jul 10, 2026
Mortgage Star Conference Honors Women Shaping The Future Of Mortgage Leadership

MWLC honors leaders driving innovation, mentorship, and growth across the mortgage industry

Jul 09, 2026
June Jobs Report Improves Mortgage Rate Outlook

Slower hiring strengthens bonds and eases concerns over additional Fed tightening

Jul 02, 2026