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."
FULL STORY: In the US, two housing markets and two directions
Half of Post-Fire Altadena Home Sales Were to Corporations
Large investors are quietly buying up dozens of properties in Altadena, California, where a devastating wildfire destroyed more than 6,000 homes in January.
Toronto Condo Sales Drop 75%
In two of Canada’s most expensive cities, more condos were built than ever — and sales are plummeting.
ADUs as Condos: What Does it Mean for Homeownership?
A California law that allows the sale of ADUs as condos may soon make homeownership more attainable.
Maui's Vacation Rental Debate Turns Ugly
Verbal attacks, misinformation campaigns and fistfights plague a high-stakes debate to convert thousands of vacation rentals into long-term housing.
Planetizen Federal Action Tracker
A weekly monitor of how Trump’s orders and actions are impacting planners and planning in America.
In Urban Planning, AI Prompting Could be the New Design Thinking
Creativity has long been key to great urban design. What if we see AI as our new creative partner?
Portland Raises Parking Fees to Pay for Street Maintenance
The city is struggling to bridge a massive budget gap at the Bureau of Transportation, which largely depleted its reserves during the Civd-19 pandemic.
Spokane Mayor Introduces Housing Reforms Package
Mayor Lisa Brown’s proposals include deferring or waiving some development fees to encourage more affordable housing development.
Houston Mayor Kills Another Bike Lane
The mayor rejected a proposed bike lane in the Montrose district in keeping with his pledge to maintain car lanes.
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.
Gallatin County Department of Planning & Community Development
Heyer Gruel & Associates PA
JM Goldson LLC
City of Camden Redevelopment Agency
City of Astoria
Transportation Research & Education Center (TREC) at Portland State University
Jefferson Parish Government
Camden Redevelopment Agency
City of Claremont