SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Non-Tech : Investing in Real Estate - Creative Opportunities -- Ignore unavailable to you. Want to Upgrade?


To: MoneyPenny who wrote (1870)8/9/2013 9:08:41 AM
From: Road Walker  Read Replies (1) | Respond to of 2722
 
Of note, all warm weather metros.



To: MoneyPenny who wrote (1870)8/9/2013 6:10:26 PM
From: tejek  Read Replies (1) | Respond to of 2722
 


American Dream Is Moving Out of the Suburbs and Could Leave Home Values Behind


By Lauren Lyster | Daily Ticker – Wed, Aug 7, 2013 9:01 AM EDT

Housing is back in the national spotlight, with the housing recovery a dominant narrative and focus for the broader economic recovery.

Fresh from a speech in Phoenix proposing to overhaul mortgage finance, while insisting 30-year mortgages be widely available to borrowers, President Obama will answer the public’s questions on housing policy in a roundtable with the Zillow ( Z) CEO today. (Disclosure: Yahoo and Zillow are partners and you can see the roundtable at 1 PM EST on Yahoo!.)

Related: Home Flippers Come Roaring Back

So one might imagine this housing rebound taking place in suburbs all across the country – the middle class communities so emblematic of the "American Dream" of home ownership.

But in fact, in 2011 -- for the first time in 100 years -- the rate of growth of the suburban population was actually lower than the rate of growth of the urban population.

Related: Did Bernanke Just Kill the Housing Recovery?

That’s just one fact journalist Leigh Gallagher cites in her new book " The End of the Suburbs: Where the American Dream is Moving." In the book, the assistant managing editor of Fortune magazine argues the suburbs – at least as we know them – are ending.

“What I found is there is this pretty monumental shift happening,” Gallagher tells The Daily Ticker. “The suburbs worked for many years, there’s a reason why most Americans lived there, but they kind of overshot their mandate. We spread too far out… in suburbs that started to become more designed like supersized Stepford subdivisions.”

Related: “This Is Not a Normal Housing Market”: Economist Michelle Meyer

So where are people going and why? And what does this mean in context of the housing market for homebuyers and sellers? Check out the full interview in the video above with Gallagher to find out.

finance.yahoo.com



To: MoneyPenny who wrote (1870)8/10/2013 12:14:21 AM
From: John Vosilla  Respond to of 2722
 
Seems like the early stages of a repeat of 2002-06? Maybe tight credit this time is offset by wealth effect of the stock market and persistent zero rates penalizing savers? Do you think leverage on purchases these days is anywhere near as high as it was in 2002-03?