Earlier this week I did a piece on television about how many job seekers are frozen in place because they can’t sell their homes to relocate for a new job.

More than a quarter of U.S. borrowers owe more on their mortgages than their homes are currently worth. We call that in a “negative equity position” or “underwater.”

“I had an example last week of someone who was on the East Coast and there was an opportunity on the West Coast. Great paying job, and the family just could not afford to take a $250,000 loss on their house. That employee, prospective employee had to forgo that opportunity,” recalled Gary Burnison, CEO of Korn Ferry International, an executive recruiting firm.

I decided to dig a little deeper into this phenomenon and found another fascinating story: Temporary corporate housing is seeing a boom, and it’s not just in big rental apartment buildings. Job seekers are actually renting out their own homes as corporate housing, so they can take a job somewhere else and not have to sell at a loss.

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