Monday, we told you that many experts are beginning to call a bottom in house prices. Why? Writing in the Financial Times, Roger Altman, former deputy Treasury secretary, explained why he is so bullish on housing: Read more
High unemployment and housing woes are forcing more Americans to stay put, new Census Bureau data shows. In fact, Americans are moving less than they ever have on record, since the Census Bureau started tracking such data in 1948.
In the last year, about 35.1 million of Americans — or 11.6 percent — moved to a new home, which is down from 12.5 percent in the previous year. The record for American mobility was 21.2 percent, reached in 1951. Read more