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Unsold Homes Handcuffing Job-Seekers

Housing crisis crimps mobility, prevents workers from moving

By Matt Cantor, Newser Staff

Posted Apr 3, 2008 1:42 PM CDT

(Newser) – The housing crisis that’s kept many from selling their homes has, in turn, warped the job market, the New York Times reports. Those who can’t sell their houses can’t relocate to seek work. Usually, more than 5 million workers move per year.... Read full story »

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Unsold Homes Handcuffing Job-Seekers

Housing crisis crimps mobility, prevents workers from moving

housing market • job market • housing sales • relocation • housing crisis

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More Newser Stories

New Home Sales Hit 12-Year Low

Numbers are a surprise, economists had predicted little change from November

Home Sales Hit Record Low Despite Dropping Prices

Sales of existing properties down 20.7% over last year

Home Sales Sink to 5-Year Low

Stats at 5-year low due to credit crunch

$26B Mortgage Settlement a 'Modest' Help: Experts

Many struggling homeowners not covered in deal

Banks Ink $26B Deal to Help 2M Homeowners

49 states sign on to deal with nation's top 5 banks

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