Business Week evaluates the the impact of rising mortgage rates on the housing bubble -- and arrives at dire conclusions.
"After an amazing four-year boom in residential real estate, the housing market could finally be topping out and heading for a downturn... It's always tricky to call the top of an overheated market, and the pessimists have been wrong before... But this time something important is different: Interest rates are inching up...
Today's housing prices are predicated on an impossible combination: the strong growth in income and asset values of a strong economy, plus the ultra-low rates of a weak economy. Either the economy's long-term prospects will get worse or rates will rise. In either scenario, housing will weaken."
Thanks to Chris Steins
Read the full story: Is A Housing Bubble About To Burst?
Planetizen Federal Action Tracker
A weekly monitor of how Trump’s orders and actions are impacting planners and planning in America.
‘Going backwards:’ Baltimore mayor, students rally against state's transit funding plan
Maryland's proposed six-year plan provides no funding for Baltimore’s BMORE bus program and reduces its road maintenance funding.
Mamdani sent nearly 6,000 pied-à-terre tax warnings to homes that didn’t qualify
A judge has ordered the administration to cancel thousands of pied-à-terre tax notices after it sent 35% of them erroneously.
Newsom vetoes high-speed rail supervision bill after agency receives condemnatory audit
The audit found the CHSRA approved almost $600,000 in unallowable travel expenses.
Nation sees first electric plane-boat hybrid take off in public demo
The Viceroy Seaglider can fly at speeds of 180mph for up to 180 miles.
One of nation’s poorest counties to receive $6 billion data center
The developers estimate the project will create 200 permanent jobs and 1,000 temporary construction jobs.
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.
City of Thousand Oaks
City of Wisconsin Rapids
Harvard University Graduate School of Design
The Architects Foundation
University of Cincinnati Online
Northern Illinois Transit Authority (NITA)
The Pocatello Development Authority
The Urban Renewal Agency of the City of Pocatello