The areas hardest-hit by the subprime mortgage crisis are not just low-income and minority communities, but also outer-ring suburbs.
"In many metro areas, far-flung suburbs and exurbs face sharper price declines than neighborhoods closer to city centers.
It's no secret, for example, that Florida is among the states where property prices flew high and fell hard. But in Tampa's ZIP Code 33607, near downtown, the median home lost just 1.3 percent of its value last year, according to new research. ZIP Code 33573, in contrast, lies about 18 miles away and saw a 22 percent price decline.
The housing bust is also falling heavily on low-income and minority neighborhoods. That's not just a story of borrowers with a weak ability to pay. The larger story, another new study finds, is that lenders made a headlong rush to extend credit where it was least warranted.
What links these trends is that in both zones – the exurbs and low-income communities – the housing market peaked with lots of new loans and with lenders stretching the limits of sound finance. Now, these geographic patterns are partly defining the nature of America's economic slowdown and could also influence policies designed to heal the housing market."
FULL STORY: Where housing bust hits hard
The Natalist Case For Sprawl (And Why It Fails)
Some commentators defend anti-urban government policies such as exclusionary zoning on the basis that homeowning suburbanites have high birth rates. But this doesn't seem to be true in recent decades.
Homebuyers Return to the Exurbs
It's been a while since 2008, and a new crop of homeowners is colonizing the far-flung exurbs. Mostly foreclosed and even abandoned last time around, the exurbs are still a risky buy.
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A new book highlights the power of zoning to change communities for the better.
Planetizen Federal Action Tracker
A weekly monitor of how Trump’s orders and actions are impacting planners and planning in America.
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Amtrak Cutting Jobs, Funding to High-Speed Rail
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Ohio Forces Data Centers to Prepay for Power
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MARTA CEO Steps Down Amid Citizenship Concerns
MARTA’s board announced Thursday that its chief, who is from Canada, is resigning due to questions about his immigration status.
Silicon Valley ‘Bike Superhighway’ Awarded $14M State Grant
A Caltrans grant brings the 10-mile Central Bikeway project connecting Santa Clara and East San Jose closer to fruition.
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.
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Learn the tools for implementing Universal Design in planning regulations.
Caltrans
City of Fort Worth
Mpact (founded as Rail~Volution)
City of Camden Redevelopment Agency
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City of Portland
City of Laramie