Manager recruits in the Midwest are increasingly declining job offers for $250,000 positions in the South, influenced by the advantage of their super-low 30-year mortgages. This trend is contributing to a significant decrease in the number of U.S. job seekers willing to move for new employment opportunities, with the relocation rate dropping to a record low of 1.5% in the fourth quarter of last year. The diminishing financial benefits of lower taxes and costs in the South, compared to the Midwest, are also playing a role in this shift.
Cheap Mortgages Deter Workers From Relocating for $250,000 Jobs "Manager recruits in the industrial Midwest are shunning offers to move to the American south — in part because they’re locked into super-low 30-year mortgages." @business https://t.co/veyK1bTndc
Manager recruits in the industrial Midwest are shunning offers to move — in part because they’re locked into super-low 30-year mortgages https://t.co/u1rsdvJ5Jp
Manager recruits in the industrial Midwest are shunning offers to move — in part because they’re locked into super-low 30-year mortgages https://t.co/AzkjTwx8XU
"Manager recruits in the industrial Midwest are shunning offers to move to the American south — in part because they’re locked into super-low 30-year mortgages" https://t.co/C7KF3H45aZ https://t.co/HYHWAk8BWM
“The incentive wasn’t significant enough.” Manager recruits in the Midwest are turning down offers to move south — largely due to super-low 30 year mortgages https://t.co/P9HkPq44Ra via @economics
"What’s more, recent data signals the amount saved on potentially lower taxes and costs by moving south is shrinking. All that helps explain why the number of US job seekers who relocated for a new job fell to 1.5% in the fourth quarter last year, the lowest level on record" https://t.co/O07mvSovZk
“The incentive wasn’t significant enough.” Manager recruits in the Midwest are turning down offers to move south — largely due to super-low 30 year mortgages https://t.co/7xTlutRhSt