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Richard Smith

Could Housing Save the Labor Market?

When David Pendery, a corporate public relations specialist, decided to move his family from Colorado to Illinois this year for work, his biggest worry was whether he would be able to sell his home quickly.It took just three days."We certainly thought selling our house would take longer," said Pendery, who started in February at Kerry Ingredients, a flavoring provider for the food and beverage industries.Pendery's experience may be on the extreme side, but his case may be a sign of a revival in one of the historical advantages of the U.S. job market: the ability of workers to go where the jobs are.For much of the past five years, falling house prices effectively locked people in their homes, since many were "underwater" - owing more on their mortgages than they could raise by selling.At the same time, double-digit unemployment across much of the nation meant there were few jobs to move for anyway.That may be changing. While far from their 2006 peak, home prices in major metropolitan ar...

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  1. What is the Government’s Role in the Housing Market?

    Realogy CEO Richard Smith on what role the government should play in the housing market and how the economy and jobs are affecting the outlook for housing.

  2. U.S. Lacking a Coherent National Housing Policy?

    Realogy CEO Richard Smith on the need for a more coherent national housing policy to help boost the housing market.

  3. Why is Greece Playing Havoc With U.S. Markets?

    Wells Fargo Chief Economist John Silvia on Greece’s impact on U.S. markets and the outlook for the U.S. economy.

  4. Government Policies Suppressing a Housing Recovery?

    Realogy CEO Richard Smith on the regulations and uncertainties that are holding back a recovery of the housing market.

  5. Realogy CEO on Steps to Turning the Housing Market Around

    Realogy CEO Richard Smith on what is needed to improve the housing market.

  6. Overhaul of Fannie, Freddie on the Way?

    Realogy CEO Richard Smith on reports the administration is planning an overhaul of Fannie Mae, Freddie Mac and the FHA.

  7. Realogy CEO on Housing, Government Policies

    Realogy CEO Richard Smith on the outlook for the housing market and the impact of the government’s homebuyer programs.

  8. Realogy CEO on Jobs, Government’s Impact on Housing

    Realogy CEO Richard Smith argues without jobs there will not be a full housing recovery.

  9. Improving the Value of American Homes

    Realogy CEO Richard Smith argues the cyclical nature of the housing market will win out.

  10. Bearish Outlook for Economy?

    TalentedBlonde.com President Krissy Bentz and FBN's Dagen McDowell on why gas prices are weighing on the economic recovery.

  11. Realogy CEO on the Outlook for Housing Market

    Realogy CEO Richard A. Smith on the future for the housing market and reforming Fannie Mae and Freddie Mac.

  12. Realogy CEO: Extend the Home Credit

    Realogy CEO Richard Smith argues the first-time homebuyer tax credit will benefit home sales.

  1. Realogy CEO on the State of the Housing Market

    Realogy CEO Richard Smith on the sustainability of the housing market’s recovery.

  2. Realogy CEO: This is an Early Stage Recovery

    Realogy CEO Richard Smith on the positive signs for the housing market’s outlook.

  3. Entergy Chairman, CEO Leonard to Retire; Denault Named Successor

    Entergy Corp. (ETR) said its Chairman and Chief Executive, J. Wayne Leonard, will retire in January and the power company named Chief Financial Officer Leo Denault a...

  4. Realogy CEO: Early Stage Housing Recovery

    Realogy CEO Richard Smith on the outlook for the housing market.

  5. Realogy CEO on Housing Policy Reform

    Realogy CEO Richard Smith on the outlook for the housing market and efforts to reform housing policy.

  6. Encouraging Trends for the Housing Market?

    Realogy Chairman and CEO Richard Smith on why the housing market is improving despite the Administration’s housing policies.

  7. Encouraging Trend for Housing Market?

    Realogy CEO Richard Smith on the outlook for the housing market.

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