There are two housing markets, "one for the rich and one for everyone else," writes Michelle Conlin. Sales and subsequent bidding wars are back in richer neighborhoods, while approximately 98.5% of the population see no end to the recession just yet.
"Normally, these two segments of the housing market rise and fall together. But now, they're moving in opposite directions.
'Luxury is the best performing segment of the housing market right now,' says Zillow.com chief economist Stan Humphries."
Read the full story: In the US, two housing markets and two directions
Phoenix, Tampa top list of housing markets with the most price cuts
Nearly a third of Phoenix homes for sale had price cuts last April.
Just 5% of Idaho Homes Affordable to Middle-Income Households
Idaho is in the top six least affordable states for the middle income bracket.
Report: Corporate Investors Bought One Quarter of Philadelphia Homes since 2016. Advocates are Raising Alarms.
Corporate buyers are putting homeownership out of reach for more regular households, forcing more people into renting and raising the cost of homeownership.
Planetizen Federal Action Tracker
A weekly monitor of how Trump’s orders and actions are impacting planners and planning in America.
California plans to bury El Niño’s downpour
If the state plays its cards right, it may be able to store a billion acre-feet of El Niño’s water in aquifers.
Desperate measures: Advocates weigh draining Lake Powell to fill Colorado River
Draining the reservoir could reduce evaporation losses by a couple hundred thousand acre-feet.
Los Angeles just elected an urban planner as its mayor
Transportation analysts are optimistic that Raman will be more aggressive in addressing transit issues than Bass.
Mamdani’s pied-à-terre tax survives legal challenge
A panel of judges found that the plaintiffs failed to demonstrate injury as a result of New York City's implementation of the tax.
Eastern Nebraska is running out of electricity
Data centers and electrification are straining eastern Nebraska’s grid, throttling economic development.
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 Rosemead
Rutgers University, Edward J. Bloustein School of Planning and Public Policy
One Hundred Miles
University of Michigan School for Environment and Sustainability (SEAS)
Hunter College, City University of New York (CUNY)
The Architects Foundation
City of Cambridge
Montrose County
The Pocatello Development Authority