On my short bike ride to work every morning I pass at least four foreclosed homes. Out in the Seattle suburbs it definitely seems like every block has a house up for sale. But a Census Bureau report says fewer Americans are moving. There are empty homes, and people are not buying new homes, so where are they?
The Census 65% that did move are in the same county. Are people are crashing on couches? The Detroit News says a lot of people in trailer parks. The homeless count is up in Las Vegas. And tent cities are popping up all over. Empty homes are such a visible sign of the recession. But the people from homes are relatively hidden.