Lakeshore Analytics

Reduced mobility bodes ill for economic recovery

It’s a lot harder to move if you have negative equity in your home, a new study by CoreLogic confirms. The chart below shows that the number of sales in zip codes with high levels of negative equity have fallen more than twice as fast as those in neighborhoods with low levels of negative equity: [...]

Household mobility strengthens in 2009

Just over 12 percent of U.S. households moved in 2009, slightly higher than the year before, but the percent of households moving out of state remains the lowest in over ten years. For the second year in a row, the percent of households moving out of state was just 1.6 percent, down from an average [...]