Freddie Mac's published an article earlier this month pointing to the decline in mobility and now say existing home sales might not have much room for improvement. Now the home buyers plan to stay at the home for about 15 years vs 9 years a few year back. Economists still did not find out whether it is because the older people not likely to move, or it is not worth it to move to another city/state.
But Freddie Mac did say that the housing and economy head downhill, though the Fed is likely to increase the interest rates in Dec.