Dina ElBoghdady and Dan Keating report on the state of the real estate market as it concerns the wealthiest Americans—times are good if you are wealthy and looking to borrow money to buy a home.
"For the first time in recent memory, lenders are offering well-heeled buyers large 'jumbo' mortgages at the same — or even better — interest rates as smaller loans," report Dina ElBoghdady and Dan Keating.
"The number of homes sold for $1 million or more climbed 8 percent this year while those at every other price point combined fell 4 percent, according to the National Association of Realtors." In fact, at the highest levels of the market, it might seem like the housing crash never even happened: "[The share of homes selling for $1 million or more] now hovers at a level last seen near the housing boom’s peak in 2007, according to research firm CoreLogic."
FULL STORY: Rich people are splurging on million-dollar homes again. Here’s why.
Racial Bias Still Rampant in the Mortgage Industry
New research that controls for financial factors the industry said would explain disparities shows that race still plays a major role in loan decisions.
Foreclosures Near 20-Year Low
Some areas of the country are experiencing stress in the housing market, according to the new CoreLogic "Loan Performance Insights" report, but overall it's a long-time since homeowners have been so stable.
A Case Against Homeownership
Against all odds, both political parties agree on at least one thing: the merits of homeownership. But is buying a home really such a great investment, even for the well-off?
Planetizen Federal Action Tracker
A weekly monitor of how Trump’s orders and actions are impacting planners and planning in America.
The Simple Legislative Tool Transforming Vacant Downtowns
In California, Michigan and Georgia, an easy win is bringing dollars — and delight — back to city centers.
San Francisco's School District Spent $105M To Build Affordable Housing for Teachers — And That's Just the Beginning
SFUSD joins a growing list of school districts using their land holdings to address housing affordability challenges faced by their own employees.
In More Metros Than You’d Think, Suburbs are Now More Expensive Than the City
If you're moving to the burbs to save on square footage, data shows you should think again.
The States Losing Rural Delivery Rooms at an Alarming Pace
In some states, as few as 9% of rural hospitals still deliver babies. As a result, rising pre-term births, no adequate pre-term care and "harrowing" close calls are a growing reality.
The Small South Asian Republic Going all in on EVs
Thanks to one simple policy change less than five years ago, 65% of new cars in this Himalayan country are now electric.
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.
Smith Gee Studio
City of Charlotte
City of Camden Redevelopment Agency
City of Astoria
Transportation Research & Education Center (TREC) at Portland State University
US High Speed Rail Association
City of Camden Redevelopment Agency
Municipality of Princeton (NJ)