A new report from the Brookings Institution shows that people are moving to
new homes within the United States at the slowest rate since World War II.
The recent migration slowdown was the surprising, but in retrospect
inevitable, by-product of an unprecedented run-up in both housing values and
housing-related debt, say researchers. The credit crisis and Great Recession
left Americans flat-footed because would-be movers were unable to finance a
new home, or find buyers for their existing homes, or a new job in more
desirable areas. We talk with Demographer William Frey about the falling
rate of mobility within the United States and what it means for the
Southwest, which has been particularly hard hit.