In desirable cities across America, home prices are well on their way back to pre-bust levels. But in areas like Chicago's southern suburbs, prices are down more than 40 percent from recent highs, and approaching were they were twenty years ago.
"Across a swath of suburban Chicago, many longtime homeowners' biggest asset has become dead money," reports Abraham Tekippe. "While an index of Chicago-area single-family home prices is continuing to climb since bottoming out last year, data from research firm CoreLogic Case-Shiller show that prices in some south suburbs have dropped to where they were in 1992, when a gallon of regular gas cost $1.15 and a year of in-state tuition at the University of Illinois at Urbana-Champaign was $2,486."
“'We're like in some kind of a time warp here in the south suburbs,' says Janice Minton-Kutz, a broker associate at Coldwell Banker Residential Brokerage with several listings in the area. 'It's really sad.'”
Amtrak Ramping Up Infrastructure Projects
Thanks to federal funding from the 2021 infrastructure act, the agency plans to triple its investment in infrastructure improvements and new routes in the next two years.
Ending Downtown San Francisco’s ‘Doom Loop’
A new public space project offers an ambitious vision—so why is the city implementing it at such a small scale?
Proposal Would Transform L.A.’s ‘Freeway to Nowhere’ Into Park, Housing
A never-completed freeway segment could see new life as a mixed-use development with housing, commercial space, and one of the county’s largest parks.
Tempe Historic Preservation Proposal Could Make it Harder to Build New Homes
Proposed changes to the city’s preservation ordinance would make two-thirds of the city’s housing stock eligible for preservation.
How to Measure Transit Equity
A new report highlights the need to go beyond traditional equity metrics to assess how public transit systems are serving the lowest-income and most disadvantaged riders.
Why Brand New Cities Won’t Solve Our Urban Problems
Building cities takes time and resources. Why not spend them on fixing the ones we have?
HUD's Office of Policy Development and Research
Mpact: Mobility, Community, Possibility
Lassen County Planning and Building Services
City of San Carlos
National Capital Planning Commission
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.