The housing recovery is making it easier for people to relocate for new jobs, a positive development for the economy, Reuters reported.

As home prices recovered in 2012 and chipped away at negative equity, the number of people who moved ticked up for the first time in four years, the news service reported.

“It’s not a huge gain, but when you consider that for two years we’ve had the lowest migration rates since World War II, any move up is good news,” William Frey, a demographer at the Brookings Institution in Washington, told Reuters.

A steep decline in the number of underwater homeowners in the last year or so has made it possible for more homeowners to sell their properties.

Lender Processing Services (LPS) recently found that the number of homeowners who were underwater had dropped from a peak of 17 million in January 2011 to 9 million in March of this year. Source: Reuters

 

 

Back to top
×
Log in
If you created your account with Google or Facebook
Don't have an account?
Forgot your password?
No Problem

Simply enter the email address you used to create your account and click "Reset Password". You will receive additional instructions via email.

Forgot your username? If so please contact customer support at (510) 658-9252

Password Reset Confirmation

Password Reset Instructions have been sent to

Subscribe to The Weekender
Get the week's leading headlines delivered straight to your inbox.
Top headlines from around the real estate industry. Breaking news as it happens.
15 stories covering tech, special reports, video and opinion.
Unique features from hacker profiles to portal watch and video interviews.
Unique features from hacker profiles to portal watch and video interviews.
It looks like you’re already a Select Member!
To subscribe to exclusive newsletters, visit your email preferences in the account settings.
Up-to-the-minute news and interviews in your inbox, ticket discounts for Inman events and more
1-Step CheckoutPay with a credit card
By continuing, you agree to Inman’s Terms of Use and Privacy Policy.

You will be charged . Your subscription will automatically renew for on . For more details on our payment terms and how to cancel, click here.

Interested in a group subscription?
Finish setting up your subscription