One reason for weakness: many young people, saddled with student loan debt, elevated unemployment and less-than-perfect credit scores, are staying out of the market. — NPR
New research from Harvard's Joint Center for Housing Studies, focuses in on the role of millennial generation in driving demand and shaping recovery. As Gregory Walker noted recently, in broad terms, looking at US economy, it is clear we're not really 'there' yet. Remember, the last...
All-cash deals hit a record 43% of home sales during the first three months of 2014, according to RealtyTrac. That's up from 19% a year earlier and the highest level reported since RealtyTrac began tracking the deals in early 2011.
The jump is due to two main factors: strict lending standards that make it difficult to get a mortgage and intense buyer competition. — CNNMoney
Cities like Yingkou in China’s northeast rust belt were among the earliest cities in the country to be overbuilt. [...] Yingkou, along with other cities, sold vast tracts of lands to developers to build apartments for the workers who – they hoped – would populate the new factories, malls and industrial parks to come. [...]
But investments have been slow to materialize, and newcomers are scarce in Yingkou, a city of 2.4 million with a population that hasn’t grown much in the past few years. — blogs.wsj.com
Amelia conducted an interview with John Szot answering questions on Architecture and the Unspeakable, a triptych of short, magnificently animated films.News Professor Andrew Ross, penned an editorial High Culture and Hard Labor regarding Guggenheim Museum’s Saadiyat Island project. Later...
As for what she wants visitors to get out of the exhibit, Koumoundouros just hopes it will help them think about -- even question -- how much our economy is based on the housing market.
'Ownership and consumption are linked to how much our economy is consumed based," she argues. "[This view of housing] is so specifically American. And I love digging that out, and I think questioning it is part of maybe a shift.' — Marketplace.org
The phrase "a place to call home" rings loud and clear in the "Dream House Resource Center" exhibit by artist Olga Koumoundouros currently at the Hammer Museum in Los Angeles until August 18. Her exhibit focuses on the commodification of the home in America through the context of America's...
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