William H. Lucy has examined America's foreclosure epidemic in enormous detail and has arrived at this conclusion: Decades-old patterns of suburban growth and urban decline are now being reversed.
"The years leading up to the 2008-2009 crises may be seen in retrospect as the last hurrah of the exurban extreme of the American dream," says Lucy, a professor of urban and environmental planning at the University of Virginia. Increasingly, people with choices and financial resources want to live in cities.
Thanks to Renee Brutvan
