The One-Two Punch of Job Losses and Falling Home Values

Housing devaluation and job loss are the two major problems affecting America's urban areas. But as this article from Governing explains, those two problems are playing out in drastically different ways from metro to metro.

1 minute read

April 22, 2010, 6:00 AM PDT

By Nate Berg


"States and localities are recovery-challenged. The problem for policymakers who would like to give states and localities a helpful push up the recovery ladder is that the troubles that bedevil those economies are not evenly distributed.

A report in March from the Federal Reserve Bank of Philadelphia indicates that states are recovering from this recession at greatly different speeds. In February, the bank's coincident index (an index that combines four state-level indicators to summarize current economic conditions in a single statistic for each state) increased in 21 states, decreased in 22 and remained unchanged in seven."

Governing's Penelope Lemov writes that the "double trouble" of job losses and home value losses are posing serious challenges for some cities, but many experts suggest focusing on jobs and letting the housing market right itself.

Monday, April 19, 2010 in Governing

portrait of professional woman

I love the variety of courses, many practical, and all richly illustrated. They have inspired many ideas that I've applied in practice, and in my own teaching. Mary G., Urban Planner

I love the variety of courses, many practical, and all richly illustrated. They have inspired many ideas that I've applied in practice, and in my own teaching.

Mary G., Urban Planner

Get top-rated, practical training

Concrete Brutalism building with slanted walls and light visible through an atrium.

What ‘The Brutalist’ Teaches Us About Modern Cities

How architecture and urban landscapes reflect the trauma and dysfunction of the post-war experience.

February 28, 2025 - Justin Hollander

Complete Street

‘Complete Streets’ Webpage Deleted in Federal Purge

Basic resources and information on building bike lanes and sidewalks, formerly housed on the government’s Complete Streets website, are now gone.

February 27, 2025 - Streetsblog USA

Green electric Volkswagen van against a beach backdrop.

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.

March 3, 2025 - ABC 7 Eyewitness News

View of mountains with large shrubs in foreground in Altadena, California.

Healing Through Parks: Altadena’s Path to Recovery After the Eaton Fire

In the wake of the Eaton Fire, Altadena is uniting to restore Loma Alta Park, creating a renewed space for recreation, community gathering, and resilience.

March 9 - Pasadena NOw

Aerial view of single-family homes with swimming pools in San Diego, California.

San Diego to Rescind Multi-Unit ADU Rule

The city wants to close a loophole that allowed developers to build apartment buildings on single-family lots as ADUs.

March 9 - Axios

Close-up of row of electric cars plugged into chargers at outdoor station.

Electric Vehicles for All? Study Finds Disparities in Access and Incentives

A new UCLA study finds that while California has made progress in electric vehicle adoption, disadvantaged communities remain underserved in EV incentives, ownership, and charging access, requiring targeted policy changes to advance equity.

March 9 - UCLA Luskin Center for Innovation