You may not know this, but over one million moves are taking place each year with U-Haul. Even if you haven’t used U-Haul for moving yourself, you can’t ignore the data on the sheer number of moves. By tracking U-Haul trucks, we can see where people are moving to and from, and predict what we will see this year.
A company called John Burns Real Estate Consulting made a very nice map that’s easy to understand. You can see it in the video above. Basically, it shows two kinds of cities. Places like Portland, Seattle, Atlanta, and Austin have a surplus of U-Haul trucks. This means that they were the destination of many one-way movers. This makes moving trucks in those areas much cheaper than in other parts of the country.
On the other hand, if you wanted to rent a truck from San Francisco, LA, New York, or Chicago, you would have to pay a premium due to the shortage of trucks. A truck from NYC to Portland would cost you $2,400, while a truck from Portland to NYC would cost you only $900.
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These statistics tell us that more people are migrating towards the Northwest, Southwest, and Southern United States than anywhere else. These are hot markets, and homes in these areas are selling almost overnight.
More people are migrating towards the Northwest and Southwest.
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If you have any questions for us, don’t hesitate to reach out via phone or email. We would love to hear from you.
