patrick.net

http://ochousingnews.com/blog/immobilized-americans-cause-economic-weakness-slow-housing-sales/

Americans are moving less than ever before causing a weaker economy and slower home sales.

America has long benefited from a mobile population capable of moving to take new jobs and delivering their skills and expertise where it’s needed most. Over the last 25 years, Americans have been moving less, and the mobility rate continues to hit new lows. Some of this may be a sign of changing lifestyle choices, but with 9.7 million Americans trapped in their homes because they owe more on their mortgage than the house is worth, many Americans are immobilized by the banks, and that is a drain on our economic efficiency.

Source: http://ochousingnews.com/blog/immobilized-americans-cause-economic-weakness-slow-housing-sales/#ixzz37eT5iScN

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