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Jonathan Sweet - Remodeling Notes


Jay Sweet
As senior editor of Professional Remodeler, a lot of information crosses my desk. This blog will be a chance to share some of that with you, with an immediacy not possible with a monthly magazine. It's also your chance to tell me what you think about what I have to say. Whether you agree or disagree, I hope you won't be shy.

Monday, June 2, 2008

Outlook not bright for exurbs

Jun 2 2008 1:56PM | Permalink | Email this | Comments (0) |
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This is an interesting post from the Calculated Risk blog on Friday (would have posted earlier, but I had a good reason to miss it ... I was at Wrigley Field watching the biggest Cubs comeback in 19 years.) 

But I digress ...

The post uses the Los Angeles metro area to illustrate something I've talked about before, how prices continue to decline most steeply in the so-called "exurbs" and are staying (relatively) strong in the city proper and closest suburbs. Rising gas prices should only continue to worsen this problem, along with what I believe will be a fundamental shift in the way younger consumers look at housing. (I wrote about this in the May print edition.)


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