The cost of living has been on the rise for some time now, and this is especially true when it comes to moving. With interest rates at an all-time low, more people are looking to purchase a home, leading to an increase in demand and subsequently, prices. According to research by NY Rent Own Sell, house prices have risen by about 15% over the past year. This is due to the problem of supply and demand; there simply isn't enough housing to meet the current demand.
But why is moving so expensive? Many of the costs associated with moving are avoidable if you plan ahead and avoid costly mistakes. The Consumer Price Index indicates that auto insurance rates increased by nearly 17% in May, after a 6.5% increase in April. While the distance of your move is a fixed cost, there are other factors that can affect the overall price. When it comes to moving, it's important to be aware of the costs associated with it.
By understanding why moving is so expensive right now, you can plan ahead and make sure you don't make any costly mistakes. With proper planning and research, you can save money on your move and make sure you get the best deal possible.
