Housing prices are falling across the country. But the decline has been relatively small in New York City, America's "Resilient City" according to Edward L. Glaeser. He says this bodes well for the city's future.
"New York's housing prices are doing remarkably well relative to elsewhere in America."
"Today's Case-Shiller housing price figures indicate that New York City's prices dropped 7.5 percent in the last year, while prices in Los Angeles declined 27.9 percent. Nationwide prices dropped 18 percent. New York is the only major metropolitan area with prices that are still 90 percent above prices in January 2000. According to National Association of Realtors data, New York is the only city in the continental United States, outside of San Francisco Bay, where median sales prices remain north of $500,000."
"Despite Wall Street's suffering, the New York area's unemployment rate, 5.6 percent in the latest figures, is lower than that in many other major cities. The comparable unemployment rate for Los Angeles is 8.2 percent. The comparable number for Chicago is 6.4 percent."
FULL STORY: New York, New York: America’s Resilient City
Rents Falling, Vacancies Spiking: The NYC Rental Market Is Shifting
The rental market is triggering metrics not seen since the depths of the Great Recession, according to a new report on the state of the rental market in three New York City boroughs.
How Coronavirus Could Worsen the Racial Wealth Gap in the United States
The impact of coronavirus on unemployment and healthcare is predicted to affect black and Latinos at a disproportionate rate, raising questions about what can be done to ease the suffering and close the racial wealth divide in America.
Using Yelp to Predict Gentrification
New research draws on the popular review site Yelp to predict changes in housing prices and demographics.
What ‘The Brutalist’ Teaches Us About Modern Cities
How architecture and urban landscapes reflect the trauma and dysfunction of the post-war experience.
USDOT Revokes Approval for NYC Congestion Pricing
Despite the administration’s stated concern for the “working class,” 85 percent of Manhattan commuters use public transit to enter the city.
Tiny House Villages for Addressing Homelessness: An Interview with Yetimoni Kpeebi
One researcher's perspective on the potential of tiny homes and owner-built housing as one tool to fight the housing crisis.
Preserving Altadena’s Trees: A Community Effort to Save a Fire-Damaged Landscape
In the wake of the Eaton Fire, Altadena Green is working to preserve fire-damaged but recoverable trees, advocating for better assessment processes, educating homeowners, and protecting the community’s urban canopy from unnecessary removal.
The VW Bus is Back — Now as an Electric Minivan
Volkswagen’s ID. Buzz reimagines its iconic Bus as a fully electric minivan, blending retro design with modern technology, a 231-mile range, and practical versatility to offer a stylish yet functional EV for the future.
Investigation Reveals Just How Badly California’s Homeless Shelters are Failing
Fraud, violence, death, and chaos follow a billion dollar investment in a temporary solution that is proving ineffective.
Urban Design for Planners 1: Software Tools
This six-course series explores essential urban design concepts using open source software and equips planners with the tools they need to participate fully in the urban design process.
Planning for Universal Design
Learn the tools for implementing Universal Design in planning regulations.
Economic & Planning Systems, Inc.
UCLA Lewis Center for Regional Policy Studies
Mpact (formerly Rail~Volution)
Chaddick Institute at DePaul University
City of Piedmont, CA
Great Falls Development Authority, Inc.
HUDs Office of Policy Development and Research