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Prosperous Pockets Peak Out Of Slow Housing Market

Posted by: Nate Berg

13 August 2007 - 8:00am

The real estate market is reportedly down in many major metropolitan areas, but within them pockets of high-value properties are flourishing.

"Though real estate sales and prices are flat or down in dozens of metropolitan areas, micro-markets within them are performing very differently: Prices and sales are up this year over last, and plenty of buyers still want to move in."

"Call them real estate oases - neighborhoods and ZIP codes that defy national and regional downturns, and remain in demand as long as the local economy keeps generating jobs and rising incomes. Housing analysts say they can be found in most major markets whose local economies display moderate to strong fundamentals."

Full Story: Upscale oases defy housing downturn
Source: The Baltimore Sun, August 10, 2007
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No matter how one wanted to organize the ideal city, housing security would be part of it. No community can function effectively if large numbers of its residents are regularly displaced or perpetually at risk of being displaced.
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