People Are Moving Less Than Ever—and It’s Costing Them Career and Lifestyle Upgrades

When Rebecca Obeng began hunting for a new job after finishing medical training in Chicago, she didn't expect to end up in Cleveland. Obeng, who's originally from Ghana, went to medical school in Virginia and then a residency in Georgia. But the Midwest struck her as a place to stay. The University Hospitals pathologist ended up buying a home in Mayfield, OH, after finding many more affordable options than the Windy City held."The job was the type of structure I was looking for, but beyond that, I really liked Cleveland when I visited. I was quite surprised," Obeng tells Realtor.com®. "It's just very green. Not too overwhelming. And feels like it has this rich history and tradition.""And my rent in Chicago was pretty much what I'm paying for my mortgage now," Obeng continues. "It ended up being a much better value in terms of housing."Moving for work is ubiquitous in America, and so is trading the big city for a more affordable life elsewhere. But a recent analysis by Bank of America found that Americans, especially millennials, are shunning moves of all kinds with increasing frequency. And that has implications for an already challenged housing market.According to recent U.S. Cens...