Call it a tale of two housing markets.
"A decade after the 2008 financial crisis rocked Wall Street, scars of the Great Recession still mar residential streets across Cuyahoga County," reports Michelle Jarboe.
Jarboe is sharing the conclusions of a new report from the Western Reserve Land Conservancy, which uses data from the Center on Urban Poverty and Community Development at Case Western Reserve University to create a portrait of two distinct housing markets in Cleveland.
"One is bustling, a seller’s market that’s forcing bidding wars among buyers and, in some hot suburbs and city neighborhoods, driving prices far above asking rates," writes Jarboe, while the "second housing market is struggling and, in some cases, gasping."
The article includes a series of infographics to illustrate the ongoing effects of the foreclosure crisis on Cleveland's housing market.
FULL STORY: Cleveland housing market bears scars 10 years after financial crisis
Price Cuts Spread to More of the U.S. Housing Market
The insanity of the housing market during the pandemic seems to have peaked in an increasing number of U.S. cities, according to recent data.
The Consequences of 'Runaway' Housing Prices
There's been no shortage of discussion and debate about what's causing the price of homes in the United States to skyrocket at record rates, but less discussion of the consequences for housing market trends on the broader economy.
U.S. Housing Prices Continue Record-Breaking Pace
July marked four straight months of record-breaking increases for housing prices nationwide, according to the latest housing market data.
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People don’t kill cities. Freeways do.
US to reduce Colorado River water deliveries to Mexico
A new Colorado Treaty amendment reduces Mexico’s Colorado River water allocation by 250,000 acre feet.
New Jersey’s second-largest city bans standalone data centers
Jersey City will continue to allow co-location facilities, such as those meant for research institutions that store their own data.
Amtrak not solely to blame for New Jersey commuter rail's unreliability, report finds
A new study from the Garden State Initiative found that NJ Transit’s budget grew 20% across a 4 year period, but reliability declined significantly over the same period.
EPA erases limits on planet-warming pollution from power plants
Under Monday’s plan, power plants would still have some limits on how much mercury, arsenic and other contaminants they can emit.
Phoenix announces new on-demand transit service, more frequent RAPID buses
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FREE Course: Walkable City 1: Why Walkability?
After describing his path towards focusing on walkability as the essence of good planning, Jeff Speck marches through his five principal reasons for making more walkable places.
Reinventing Malls: Planning Alchemy—Turning Gray Fields Into Gold
The course focuses on the opportunities and imperatives that shape reinvention of mall sites.
Eagle County Government
Harvard University Graduate School of Design
Nashville Planning Department
The Architects Foundation
University of Cincinnati Online
The Pocatello Development Authority
The Urban Renewal Agency of the City of Pocatello
Journal of the American Planning Association