In an unsettling distillation of the broader housing market, the lot's price rose by $2.3 million in under two years.

The Sacramento Bee reports that a quarter-acre residential lot in Palo Alto is expected to sell for $5,390,000.
In 2016, the lot was valued at just $78,600. But it sold for $3.1 million that May, and again for $3.9 million in September. Now, citing high demand in the wealthy city for buyers seeking to build a custom home, the county assessor deems the lot's new asking price "fair."
Not for the first time, Palo Alto's exorbitant prices are being called a microcosm of the housing crisis. Median home prices peaked in the city in 2017, having doubled in some neighborhoods since 2004. Today, "even software engineers" are feeling the impact, the Bee says.
FULL STORY: A real fixer-upper: How an empty lot in Palo Alto could sell for nearly $5.5 million

Maui's Vacation Rental Debate Turns Ugly
Verbal attacks, misinformation campaigns and fistfights plague a high-stakes debate to convert thousands of vacation rentals into long-term housing.

Planetizen Federal Action Tracker
A weekly monitor of how Trump’s orders and actions are impacting planners and planning in America.

San Francisco Suspends Traffic Calming Amidst Record Deaths
Citing “a challenging fiscal landscape,” the city will cease the program on the heels of 42 traffic deaths, including 24 pedestrians.

Defunct Pittsburgh Power Plant to Become Residential Tower
A decommissioned steam heat plant will be redeveloped into almost 100 affordable housing units.

Trump Prompts Restructuring of Transportation Research Board in “Unprecedented Overreach”
The TRB has eliminated more than half of its committees including those focused on climate, equity, and cities.

Amtrak Rolls Out New Orleans to Alabama “Mardi Gras” Train
The new service will operate morning and evening departures between Mobile and New Orleans.
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