- Philadelphia Business Journal - Mag says Phila. economy built to survive recession
- Risk of house prices falling in Phila., Pitt. low
- Blue Moon blog - Beginning Credit Solvency
- Countdown to Credit Normalcy - CNBC video
- Blue Moon blog - GOV'T TAKEOVER!
- Pimco's CEO Praises GSE Takeover - CNBC video
- ALERT! Freddie Mac Changes Investment Property Guidelines
- Rental market stays afloat amid housing turmoil
- What goes up, must come down, 4/24/08 FOX
- Home Prices Drop Most in Areas with Long Commute 4/21/08, NPR
- Sunny Side of the Street 4/16/08, WSJ
- Magic Johnson Raised $1B for Co-founded Urban Investment
Home Prices Drop Most in Areas with Long Commute 4/21/08, NPR
By: Kathleen Schalch, Morning Editio, National Public Radio, 4/21/2008
' "Atlanta was recognized as the fastest-spreading human settlement, probably in the history of the world," Goldberg said.
But while the suburbs spread, the city was losing population. Now the tables have turned. In the past two years, new construction in what had been forests and farmland has slowed by more than 70 percent, but construction in town has held steady.
Goldberg sees other cities rebounding, too, including Baltimore and Philadelphia.
"Philadelphia was losing downtown housing and in-town housing until very recently," Goldberg said. "And now that's the hottest part of their market."
Goldberg expects the trend to continue, even after the current housing crisis ends. Throughout the country, the percentage of families with children is shrinking. The share of empty-nesters, seniors and young people living alone keeps heading up. Those groups don't typically seek big green lawns. '