More interesting news today for the industry, beyond the dismal employment numbers: internal migration (e.g. relocation) is way down in the past year and expected to decrease again in 2008-2009 timeframe.
Reason: if you can't sell your house, you can't take that job in another city.
If you are a recruiter who does a lot of relo business, you are already probably more of real-estate expert than you might have expected to be at this point......I know I know more about mortgage banking than I ever thought I would.....
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