In 1925, urban planner & historian Lewis Mumford described four “great tides” of migration that reflected the economic transformation of the US. Eight decades later, Robert Fishman (professor of architecture & urban planning at the University of Michigan) noted the large-scale return of people to global cities, labeling it the Fifth Migration. Today’s great tide, the Sixth Migration, is ebbing from global cities & towards a better quality of life.
[Of all the housing markets shown,] only Pittsburgh, Little Rock and Oklahoma City (indicated on the Fed chart as Oklahoma) had a higher cost per square foot in 2011 than in 2006. In Raleigh, N.C., prices were about flat.
No comments:
Post a Comment