The Wall St. Journal reports that some homeowners are selling their underwater homes at a loss and turning right around and investing in new homes with lower mortgage rates and getting more house in the process.
Why invest in a market that has already burned you badly? Historically low mortgage rates mean that buyers can buy new homes and keep their monthly payments low even though the new homes are more expensive.
M.P. McQueen has the story:
"The attractive terms are spurring people like Scott Ayler, 35 years old, into action. He and his wife, Jaclyn, 33, recently decided to trade up to a larger home in their native Denver, despite taking a loss on their current house."
FULL STORY: Doubling Down on Housing
A Case Against Homeownership
Against all odds, both political parties agree on at least one thing: the merits of homeownership. But is buying a home really such a great investment, even for the well-off?
Housing Market Makes Full Recovery for Wealthy Americans
Dina ElBoghdady and Dan Keating report on the state of the real estate market as it concerns the wealthiest Americans—times are good if you are wealthy and looking to borrow money to buy a home.
The Federal Housing Administration's Ongoing, Systematic Obstruction of Density
Scott Beyer writes that despite changes to policies allowing insured mortgages by the Federal Housing Administration's (FHA), the federal government continues to obstruct density by limiting support for condo owners.
Alabama: Trump Terminates Settlements for Black Communities Harmed By Raw Sewage
Trump deemed the landmark civil rights agreement “illegal DEI and environmental justice policy.”
Study: Maui’s Plan to Convert Vacation Rentals to Long-Term Housing Could Cause Nearly $1 Billion Economic Loss
The plan would reduce visitor accommodation by 25% resulting in 1,900 jobs lost.
Planetizen Federal Action Tracker
A weekly monitor of how Trump’s orders and actions are impacting planners and planning in America.
Wind Energy on the Rise Despite Federal Policy Reversal
The Trump administration is revoking federal support for renewable energy, but demand for new projects continues unabated.
Passengers Flock to Caltrain After Electrification
The new electric trains are running faster and more reliably, leading to strong ridership growth on the Bay Area rail system.
Texas Churches Rally Behind ‘Yes in God’s Back Yard’ Legislation
Religious leaders want the state to reduce zoning regulations to streamline leasing church-owned land to housing developers.
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.
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Learn the tools for implementing Universal Design in planning regulations.
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Smith Gee Studio
Institute for Housing and Urban Development Studies (IHS)
City of Grandview
Harvard GSD Executive Education
Toledo-Lucas County Plan Commissions
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NYU Wagner Graduate School of Public Service