REAL ESTATE: Moving Day

Of the 9,700,000 families who rent urban homes in the U. S., about a third move every year. This week, as the illogically favorite moving day (Oct. 1) for the country's two largest cities (New York and Chicago) approached, thousands of them signed leases, hired vans, packed. Many moved to save money. Most of them found rental levels for the new season either 1) about the same as last year, or 2) definitely lower.

Reason for lower levels—despite growing defense prosperity—was the long-term trend of urban decentralization. A vague spectre to urban...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!