by Laura Conaway

Alex Blumberg sends over this bit from one of our favorite sites, Calculated Risk. It looks at a report about home values and comes up with a whole new worry. Namely, it's that if your house is now worth less than you owe on it — hello, negative equity — you're not in a position to sell it and move when opportunity knocks. CR writes:

If approximately 1 in 6 households (the same proportion as with negative equity according to Moody's) will not accept a transfer now because of depressed home values that would be almost 300,000 households per year that will be reluctant to accept job transfers.