Suburban Decline and Urban Growth Predicted

According to the new book, <em>Foreclosing the Dream: How America's Housing Crisis Is Reshaping Our Cities and Suburbs,</em> development is shifting to cities more strongly than most Americans realize.
June 23, 2010, 2pm PDT | Tim Halbur
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William H. Lucy has examined America's foreclosure epidemic in enormous detail and has arrived at this conclusion: Decades-old patterns of suburban growth and urban decline are now being reversed.

"The years leading up to the 2008-2009 crises may be seen in retrospect as the last hurrah of the exurban extreme of the American dream," says Lucy, a professor of urban and environmental planning at the University of Virginia. Increasingly, people with choices and financial resources want to live in cities.

Thanks to Renee Brutvan

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Published on Thursday, June 10, 2010 in New Urban News
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