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Financial concerns top reason for relocation choice

Money is the biggest reason people choose to move.

Money is the biggest reason people choose to move.

There are a number of factors that play a varied role in the decision to move. But according to a new government survey, money is the most common reason for relocation.

The 2009 American Housing Survey, released this month by the U.S. Census Bureau and the U.S. Department of Housing and Urban Development, found that finances - named by 28 percent of recent movers - were the most important consideration in choosing a new home. Other reasons were the home's design and its size, which were named by 15 and 10 percent of respondents, respectively.

In terms of choosing their particular neighborhoods, 20 percent of people said that convenience to their job was the most important reason, while others named proximity to friends or relatives, layout of the neighborhood or the house itself.

A growing number of Americans have packed up their moving boxes. Statistics released earlier this year show that approximately 37.1 million Americans changed residences in 2009 - 5 percent more than in 2008.ADNFCR-3450-ID-19930821-ADNFCR