updated 6/27: The NYT changed the previous headline from “country living” to the “far suburbs.” Good piece today in the New York Times, surveying the scope of changing preferences for buying in the suburbs as energy prices continue rising: Suddenly, the economics of American suburban life are under assault as skyrocketing energy prices inflate the … Continued
Unfortunately for the owners of either, they’re both losing value. That’s the connection — echoed by SGA — in a Wall Street Journal piece this morning on today’s front page by Ana Campoy on gasoline consumption and miles driven trending downwards, and how it’s beginning to drastically affect Americans’ housing and transportation choices: Meanwhile, people … Continued
Almost overnight, it has become the most pressing issue in the minds of most Americans. CNN’s most popular topic this week? “Fueling America.” Gas prices are now competing with Iraq, the economy at large, and even Angelina Jolie for primacy in the national consciousness. If you’re interested in the numbers, do check out Google Trends. … Continued
Another tale of two cities: One is up, one is down. We’ve noted with regularity for the last few months how rising gas prices were complicit in the housing crisis. (here and here, for example). With every escalation in the cost of fuel, new subdivisions and neighborhoods already in a struggling market face another hit … Continued
Chart on housing prices against gas prices from the CEO’s for Cities report, Driven to the Brink (2001 recession shaded) If you look back over the last two weeks at what we’ve been pointing to in the news and circulating on the blog, there was a clear trend emerging: Rising gas prices and escalating transportation … Continued
To the old conventional wisdom for real estate, …you have been replaced: You may have already read about WalkScore when we covered it last year, or seen the widget in our sidebar here on the blog. (SGA office = Walk Score 100!) It’s been a good year for Matt Lerner and the other Seattle developers … Continued
High gas prices are squeezing the housing market on the fringes of metro regions. It can be scary to turn on CNBC or CNNMoney these days. Watch for just a minute or two, and you’re likely to hear that not only is the housing market in trouble, but we might not be able to see … Continued
Last week, we mentioned the release of a new tool from the Center for Neighborhood Technology that measures the true cost of housing affordability, by also considering the transportation costs of each area. (Note: the Washington Post had a good story about the index here.) A few other outlets have done their own local test … Continued
The APA Advocate tells us today that the House passed a reauthorization of the HOPE VI housing program, with some important additions and improvements. The passage will extend and increase the funding for the program, as well as making some progressive changes. (UPDATE: CNU posted a few words about the passage as well) The program, … Continued
First of all, happy new year and welcome back! All of us here at SGA are excited about the prospects for 2008, including the transition to a new President and CEO, which you can read here in case you missed it. We’ll be posting Geoff Anderson’s full bio shortly, with perhaps a short Q&A on … Continued