The narrative about the full recovery of the real estate market from the housing market crash of 2008 is only true in some parts of the country. In fact, an increasing number of homeowners owe more than their homes are worth.
"Despite an overall housing recovery, it’s suddenly becoming more common in several of the nation’s largest cities for homeowners to owe more on their home than it’s worth," according to an article by Darla Cameron and Ted Mellnik.
The article cites a new report from Zillow, which found that the national negative equity rate stalled in the fourth quarter of 2014 for the first time in 2.5 years. Over that time period, "the rate worsened in 21 of the nation’s top 50 housing markets, including Philadelphia, Boston and Houston," report Cameron and Mellnik.
Over a quarter of homeowners are underwater in the metropolitan areas of Virginia Beach, Jacksonville, Las Vegas, Atlanta, Chicago and Memphis. The article includes charts to visualize the ongoing evolution of the problem.
Read the full story: The cities where houses are suddenly going underwater
The Strong, Prosperous and Resilient Communities Challenge Awards $90 Million
Six regions have been selected for funding as part of the Strong, Prosperous and Resilient Communities Challenge, or SPARCC. A local news outlet reports on the potential benefits of the program for Atlanta.
Report: Transit Oriented Development Leads the Market in Major Metros
A report released last week by Cushman & Wakefield has won a lot of attention from media outlets covering large-scale development market trends. Among the report's findings: growing cities need to better support transit-oriented development.
The Crucial Role of Suburban Voters in the Midterms
Suburban voters were instrumental in preventing a 'red wave' on Election Day and on December 6 in the Georgia U.S. Senate runoff election, enabling the Democrats to win a 51st Senate seat.
Planetizen Federal Action Tracker
A weekly monitor of how Trump’s orders and actions are impacting planners and planning in America.
The state-sanctioned urbicide of Austin
People don’t kill cities. Freeways do.
US to reduce Colorado River water deliveries to Mexico
A new Colorado Treaty amendment reduces Mexico’s Colorado River water allocation by 250,000 acre feet.
Nation's most wind-powered state turns to coal as data centers increase energy demand
For the first time in decades, Iowa has increased its generation of coal power.
NYC cools commuters with city's first rain garden above a bus stop
New York City officials say the plants in the rain garden can absorb 16 gallons of rainwater during heavy storms.
Brightline West’s future may rely on $6 billion federal loan
The company has until Nov. 2 to make a $400 million equity investment into its proposed high-speed rail line.
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.
Eagle County Government
Harvard University Graduate School of Design
Nashville Planning Department
The Architects Foundation
University of Cincinnati Online
The Pocatello Development Authority
The Urban Renewal Agency of the City of Pocatello
Journal of the American Planning Association