Mortgage professionals in search of new business may want to consider the South Dakota market. According to United Van Lines’ 40th Annual National Movers Study, South Dakota is the nation's new Top Moving Destination.

South Dakota ranked first among the states experiencing the greatest level of incoming relocation during 2016, followed by Vermont, Oregon, Idaho, South Carolina, Washington, the District of Columbia, North Carolina, Nevada and Arizona.

At the other end of the spectrum, New Jersey topped the list of states with the greatest level of outbound relocation movement, followed by Illinois, New York, Connecticut, Kansas, Kentucky, West Virginia, Ohio, Utah and Pennsylvania.

It should be pointed out different regions also attract different newcomers. The Mountain West states, for example, had the greatest percentage of retirees, with one in four movers indicating they chose to move there for retirement reasons.

Regions which saw the most inbound moves for company transfers included the Midwest (63%) and Pacific West (62%). The region with the largest exodus of residents due to finding jobs elsewhere was the South (62%). The study did not include Alaska and Hawaii.

Source: National Mortgage Professional Magazine

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