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
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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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