Economics
Lack of Jobs May Keep Housing in U.S. Depressed
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Pat Lashinsky knows what’s preventing his U.S. real-estate brokerage firm from attracting more customers. He also knows there is little he can personally do to make it right.
“There’s a mindset of fear of losing employment,” Lashinsky, chief executive officer of Emeryville, California-based ZipRealty Inc., said in an interview yesterday. Housing “is not in a very good position right now.”