The Housing Bubble Collapses Inward
In an article for Standard and Poor’s, economist David Stiff argues that the trend of rapid outward urbanization prevalent during the housing bubble may not return with as much vigor, even as the real estate market recovers. Using data from Los Angeles and Boston, he suggests that neighborhoods offering a good mix of amenities and access to employment have enjoyed a measure of insulation from the collapse of the housing market, because residents who had previously been ‘priced out’ of their preferred town or neighborhood may now be able to locate there.
Read Stiff’s full article here.
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