Falling home values have 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, examined homeowners whose properties were “underwater,” or when their mortgage was larger than the value of the home.
Unlimited access to BostonGlobe.com for only 99 cents for the first 4 weeks.Sign up
Are you a home delivery subscriber?
Get FREE access as part of your print subscriptionStart Here
Contact us for help