You can now read 10 articles in a month for free on Read as much as you want anywhere and anytime for just 99¢.

The Boston Globe


Report: Underwater homeowners don’t greatly impact jobless rate

Falling home values has kept some troubled homeowners from moving to another state for work -- but not enough to make a major impact on the national jobless rate.

That’s the conclusion of a new report by the Federal Reserve Bank of Boston, which looked at the impact of the housing market on jobs. The report, produced by the bank’s New England Public Policy Center and accompanied by a video, examined homeowners whose properties were “underwater,” or when their mortgage was larger than the value of the home.

Loading comments...

You have reached the limit of 10 free articles in a month

Stay informed with unlimited access to Boston’s trusted news source.

  • High-quality journalism from the region’s largest newsroom
  • Convenient access across all of your devices
  • Today’s Headlines daily newsletter
  • Subscriber-only access to exclusive offers, events, contests, eBooks, and more
  • Less than 25¢ a week