The bursting of the housing bubble may be tied to rising gas prices, according to one economist.
"Can steadily increasing gas prices also be blamed for bursting the housing bubble?"
"Yes, says Portland economist Joe Cortright of Impresa Inc. 'The gas price spike popped the housing bubble,' he writes in a new report called 'Driven to the Brink.'"
"The report, funded by CEOs for Cities, a pro-urban Chicago-based nonprofit, advances an argument gaining steam in national urban planning circles: Rising gas prices have made it less attractive to live in suburban neighborhoods that require driving to work, shop and fun."
"In metro areas where home prices are falling, they're falling more steeply in suburbs than in central areas. In metro areas with strong inner city neighborhoods -- like Portland -- prices of centrally located homes continue to rise while the region's prices fall."
Thanks to Dylan Rivera
FULL STORY: Spike in gas prices help burst housing bubble, a Portland economist suggests

Rethinking Redlining
For decades we have blamed 100-year-old maps for the patterns of spatial racial inequity that persist in American cities today. An esteemed researcher says: we’ve got it all wrong.

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

California High-Speed Rail's Plan to Right Itself
The railroad's new CEO thinks he can get the project back on track. The stars will need to align this summer.

US Senate Reverses California EV Mandate
The state planned to phase out the sale of gas-powered cars by 2035, a goal some carmakers deemed impossible to meet.

Trump Cuts Decimate Mapping Agency
The National Geodetic Survey maintains and updates critical spatial reference systems used extensively in both the public and private sectors.

Washington Passes First US ‘Shared Streets’ Law
Cities will be allowed to lower speed limits to 10 miles per hour and prioritize pedestrians on certain streets.
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.
City of Camden Redevelopment Agency
City of Astoria
Transportation Research & Education Center (TREC) at Portland State University
Regional Transportation Commission of Southern Nevada
Toledo-Lucas County Plan Commissions