A New Look at Housing Busts and Mobility

A New Look at Housing Busts and Mobility

October 30, 2012 – (RealEstateRama) — The study, “Housing Busts and Household Mobility: An Update,” supplements and confirms the authors’ 2010 research, which found that negative home equity reduces household mobility by 30 percent, while an additional $1,000 of mortgage or property tax costs lowers mobility by 10 to 16 percent. This new analysis incorporates more recent American Housing Survey data, and utilizes an improved measure of mobility to reflect permanent—and not temporary—moves.

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