Report Forecasts Housing Price Fall

Could a severe housing market slowdown projected for more than 100 US metropolitan areas lead to a country-wide recession?

1 minute read

October 9, 2006, 12:00 PM PDT

By Abhijeet Chavan @http://twitter.com/legalaidtech


"Housing prices, slumping after a five-year boom, are projected to decline in more than 100 of the nation's metropolitan areas, with the Northeast, Florida and California among the areas hardest hit. The forecast by Moody's Economy.com, a private research firm, presents one of the starkest views yet of the housing slowdown that has been gathering force in recent months...The report projected that 133 of the nation's 379 metropolitan areas would suffer price declines. Those metropolitan areas with declining prices account for nearly one-half of the value of the nation's stock of single-family homes... Some analysts are worried that the slowdown could become so severe that it could drag the entire country into a recession, much as the bursting of the stock market bubble in 2000 led to the 2001 slump."

Tuesday, October 3, 2006 in Yahoo News

Large blank mall building with only two cars in large parking lot.

Pennsylvania Mall Conversion Bill Passes House

If passed, the bill would promote the adaptive reuse of defunct commercial buildings.

April 18, 2024 - Central Penn Business Journal

Rendering of wildlife crossing over 101 freeway in Los Angeles County.

World's Largest Wildlife Overpass In the Works in Los Angeles County

Caltrans will soon close half of the 101 Freeway in order to continue construction of the Wallis Annenberg Wildlife Crossing near Agoura Hills in Los Angeles County.

April 15, 2024 - LAist

Workers putting down asphalt on road.

U.S. Supreme Court: California's Impact Fees May Violate Takings Clause

A California property owner took El Dorado County to state court after paying a traffic impact fee he felt was exorbitant. He lost in trial court, appellate court, and the California Supreme Court denied review. Then the U.S. Supreme Court acted.

April 18, 2024 - Los Angeles Times

Close-up of hand holding up wooden thermometer in front of blurred street

New Forecasting Tool Aims to Reduce Heat-Related Deaths

Two federal agencies launched a new, easy-to-use, color-coded heat warning system that combines meteorological and medical risk factors.

30 minutes ago - Associated Press via Portland Press Herald

View of Dallas city skyline with moderately busy freeway in foreground at twilight.

AI Traffic Management Comes to Dallas-Fort Worth

Several Texas cities are using an AI-powered platform called NoTraffic to help manage traffic signals to increase safety and improve traffic flow.

1 hour ago - Dallas Morning News

View from back of BART Police SUV driving down street in San Francisco, California.

Podcast: Addressing the Root Causes of Transit Violence

Deploying transit police is a short-term fix. How can transit agencies build sustainable safety efforts?

2 hours ago - Streetsblog USA

News from HUD User

HUD's Office of Policy Development and Research

Call for Speakers

Mpact Transit + Community

New Updates on PD&R Edge

HUD's Office of Policy Development and Research

Urban Design for Planners 1: Software Tools

This six-course series explores essential urban design concepts using open source software and equips planners with the tools they need to participate fully in the urban design process.

Planning for Universal Design

Learn the tools for implementing Universal Design in planning regulations.