America’s frozen housing market is warping the economy
America’s frozen housing market is warping the economy
- June 28, 2024
- Jack Liebersohn, economics, The Wall Street Journal, MSN, June 28, 2024
Workers are reluctant to accept job offers in another state if it means sacrificing low housing costs, so labor mobility has taken a hit. One study by economists at the University of California Irvine and UC Berkeley estimates that the lock-in effect discouraged 660,000 moves to a new zip code over the year through June 2023.
For the full story, please visit https://www.msn.com/en-us/money/realestate/america-s-frozen-housing-market-is-warping-the-economy/ar-BB1p3bmd?ocid=BingNewsVerp.
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