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(CHICAGO, IL) - January 31, 2008 –
The two key factors driving more than half (55%) of renters to move in 2008 are relocating for a job and reducing the cost of rent, according to a national survey from Apartments.com to current renters. Almost half of renters (48%) surveyed said they are moving to another city or state.
These 2008 moving trends also collaborate with recent workplace findings that fourteen percent of employers are willing to pay to relocate new employees, from another area to their company location, this year compared with last year, according to a joint survey by CareerBuilder.com and Apartments.com.
For renters planning to relocate this year, Forbes, in its 2008 report of the Best And Worst Cities For Renters, lists the following cities as the most affordable for renters:
- Columbus, Ohio
- Indianapolis, Ind.
- Kansas City, Mo.
- San Antonio, Texas
- Cincinnati, Ohio
- Saint Louis, Mo.
- Cleveland, Ohio
- Houston, Texas
- Dallas, Texas
- Salt Lake City, Utah
Ninety-five percent of renters surveyed plan on moving in 2008. Only seven percent are moving to buy a home, and almost all are scaling back on overall moving expenses. Seventy percent will not hire a professional moving service.
Fiscally-savvy renters opting to move solo this year are encouraged to take advantage of articles offering tips on moving sans professional help as well as price quotes on moving trucks and additional services in the “Moving Center” section of Apartment Living on Apartments.com (http://living.apartments.com).
As part of its monthly “What Renters Want” research series, Apartments.com surveys renters on various topics. For more information on these surveys, to receive a copy of additional survey results or for more information on the most popular renter collections and hobbies, please contact Tammy Kotula tkotula@apartments.com.
About Apartments.com
Apartments.com is the most visited national apartment Internet listing subscription service with more than 50,000 unique addresses representing more than three million rental units from managed properties, newspaper classifieds and for-rent-by-owner properties. With personalized searches, highly visual ads featuring 360-degree virtual tours, professional photography, and comprehensive community listings, Apartments.com makes it possible for renters to access apartment rental inventory from across town or across the country. Leads from highly qualified, ready-to-rent prospects are delivered to Apartments.com customers, increasing closure rates and decreasing the average cost of leasing an apartment. The site's foundation of solid partnerships with the local newspaper and television station Web sites of more than 10,000 newspaper affiliate and strategic partners across the country include Yahoo! Real Estate, the Chicago Tribune (www.chicagotribune.com), The Washington Post (www.washingtonpost.com) and the Los Angeles Times (www.latimes.com). Apartments.com is a division of Chicago-based Classified Ventures, LLC.
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