Homes in Snohomish Suburbs and Exurbs Suffer

Mark Hinshaw writes that back in 2006, developers were snatching up any bit of undeveloped land in Snohomish County, WA. Today, those far-flung projects have suffered much more than inner-city developments.

Hinshaw surveys the Puget Sound landscape:

"Many of the communities and neighborhoods closest in to the center of the Seattle metropolitan area - areas with significantly higher densities and older housing stock - actually performed reasonably well during the recession. Value was lost, certainly, and some loans are under water, but there is virtually none of the wildly oversold and overpriced housing found in the outer suburbs and exurbs. A similar pattern is found near other urban centers such as Bellevue and Kirkland."

Full Story: Sick suburbs, expiring exurbs

Comments

building block set

NEW! Build the world you want to see

Irresistible block set for adults when placed on a coffee table or desk, and great fun for kids.
$25

Prepare for the AICP* Exam

Join the thousands of students who have utilized the Planetizen AICP* Exam Preparation Class to prepare for the American Planning Association's AICP* exam.
Starting at $245

NEW! City Map Posters

Available in 9 different cities.
$25.00
Planetizen Courses image ad

Planetizen Courses

Advance your career with subscription-based online courses tailored to the urban planning professional.
Starting at $16.95 a month