While some cities become more and more expensive, most of the country's housing prices still haven't recovered from the great recession.
According to a study from Trulia, "[n]ationally, just 1 in 3 homes are worth more now than they were at their peak," Patrick Clark writes for Bloomberg. Many property owners are only too aware of the slowness of the recovery. "The high percentage of homes that have yet to recover their peak values shows that any talk of a housing bubble is premature.”
Also, the slow recovery may play a key role in a theme bedeviling local housing markets, “There were fewer homes for sale in March than at any point since 2012, according to McLaughlin," writes Clark. Many who may wish to sell are holding on to property seeing if markets change.
FULL STORY: Most U.S. Homes Are Worth Less Than Before the Crash
Depopulation Patterns Get Weird
A recent ranking of “declining” cities heavily features some of the most expensive cities in the country — including New York City and a half-dozen in the San Francisco Bay Area.
California Exodus: Population Drops Below 39 Million
Never mind the 40 million that demographers predicted the Golden State would reach by 2018. The state's population dipped below 39 million to 38.965 million last July, according to Census data released in March, the lowest since 2015.
Chicago to Turn High-Rise Offices into Housing
Four commercial buildings in the Chicago Loop have been approved for redevelopment into housing in a bid to revitalize the city’s downtown post-pandemic.
How California Transit Agencies are Addressing Rider Harassment
Safety and harassment are commonly cited reasons passengers, particularly women and girls, avoid public transit.
Significant Investments Needed to Protect LA County Residents From Climate Hazards
A new study estimates that LA County must invest billions of dollars before 2040 to protect residents from extreme heat, increasing precipitation, worsening wildfires, rising sea levels, and climate-induced public health threats.
Federal Rule Raises Cost for Oil and Gas Extraction on Public Lands
An update to federal regulations raises minimum bonding to limit orphaned wells and ensure cleanup costs are covered — but it still may not be enough to mitigate the damages caused by oil and gas drilling.
City of Costa Mesa
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