Those of us whose professional lives are inextricably linked to the real estate development economy in one way or another have had plenty of time in the last year to twiddle our thumbs and attempt to figure out what the heck happened. This much we know - there was a housing bubble some places, it burst, and the economy collapsed. Have you ever slipped and fell – one those unexpected spectacular aerial feats where your feet fly out from underneath you, you look down your legs and see your toes at eye level pointing to the sky, and you say to yourself "this is really going to hurt when I land"? That's what this year has been like for many, some of whom are still waiting to hit hard because they had projects in the pipeline and they are grinding their way through "inventory" of unfinished work. Plus, we started from a high plateau. Wall Street types call the unexpected but apparent life in the market during the first part of a recession "dead cat bounce" which Forbes defines as "a temporary recovery from a prolonged decline or bear market, after which the market continues to fall." Even a dead cat dropped from a very high place will bounce a little when it hits the ground
Nov 30, 2009 By
This piece from <em>Forbes</em> looks at which cities will recover fastest from the recession -- and which ones won't.
Jul 26, 2009 Forbes
This slideshow from <em>The New York Times Magazine</em> takes a look at the abandoned and stalled buildings form around the country that epitomize the bust of the building market.
Jul 7, 2009 The New York Times Magazine
Phoenix is undergoing another housing boom, with buyers clamoring to buy up properties with significantly discounted prices.
May 18, 2009 Los Angeles Times
Military towns are seeing home sales go up despite decreasing home values elsewhere across the country, thanks in part to a steady wartime economy.
Nov 12, 2008 Chicago Tribune