A Tale of Three Cities
Wednesday, March 21, 2007
An NBR Series - PREMIERES Monday, March 19th
A special series examining the housing market in three different regions.
| Home
sales are down. Subprime loans are being defaulted. The U.S. housing
market is in decline. However, this broad picture of a housing slump
masks the variations that exist in geographic regions. In "A
Tale of Three Cities," a team of NBR correspondents examines these
variations with reports focused on the housing markets in New York,
Washington, D.C., and South Florida. |
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| Discuss
"A Tale of Three Cities" on XChange - The NBR Blog |
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| The
"A Tale of Three Cities" Reports: |
| Region
1: New York City |
| Premieres
Monday, March 19, 2007 |
NBR
Correspondent Suzanne
Pratt reports on the housing market in America's financial capital.
This market experienced a slowdown, but seems to be warming up again.
Yet, experts say obstacles could keep the market from returning to
a boom phase.
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Watch
Part 1
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More About This Topic:
- Brown
Harris Stevens
Brown Harris Stevens is a "full service real estate firm
serving both residential and commercial markets in New York City."
The company focuses on luxury real estate. Suzanne Pratt featured
the website in her report.
- City
of New York
This links to the website of the City of New York's Department
of Housing Preservation & Development. The site offers a variety
of data about the city's housing market, including vacancy rates
and advice for homebuyers.
- Miller
Samuel
Miller Samuel is a residential real estate appraisal firm focused
on the Manhattan market. The company's president, Jonathan Miller
is interviewed in Suzanne Pratt's report.
- New
York State Association of Realtors (NYSAR)
NYSAR "is a not-for-profit trade organization representing
more than 64,000 of New York State's real estate professionals."
The association's website offers statistics about the state's
housing market.
- Nouriel
Roubini's Global Economics Blog
Nouriel Roubini is a professor of economics at New York University.
He also runs RGE Monitor, a website dedicated to analysis of macro
economics. One of the site's features is Roubini's blog. This
links to a blog entry titled, "The Ten Faulty Consensus Views
about Sub-prime and Soft-Landing…and the Ten Ugly Truths
about the Coming Economic and Financial Hard Landing."
- Prudential
Douglas Elliman
Prudential Douglas Elliman is a real estate firm that serves New
York City and Long Island. Suzanne Pratt interviews Ann Cutbill
Lenane, one of Prudential Douglass Elliman's brokers, in her report.
- U.S.
Department of Housing and Urban Development (HUD)
HUD's website offers information for current and potential homeowners,
including tips for home buyers and sellers. The site also offers
news on the U.S. housing market.
*Clicking
these external links will take you off the NBR web site on PBS.org.
NBR has no affiliation with these sites.

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| Region
2: Washington D.C. |
| Premieres
Tuesday, March 20, 2007 |
NBR Correspondent Stephanie
Dhue reports on the housing market in America's political capital.
While there is a build-up of homes for sale and prices are under pressure,
the presence of a stable employer -- the U.S. government -- means
this region's market is still churning.
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Watch
Part 2
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More About This Topic:
- Center
for Regional Analysis (CRA) at George Mason University
The CRA "conducts research and analytical studies on economic,
fiscal, demographic, and social and policy issues related to the
current and future growth of the Virginia, Maryland, and DC areas."
The center's director, Steven Fuller, is interviewed in Stephanie
Dhue's report.
- Center
for Responsible Lending
The Center for Responsible Lending is a "nonprofit, nonpartisan
research and policy organization dedicated to protecting homeownership
and family wealth by working to eliminate abusive financial practices."
This links to a Center for Responsible Lending report titled,
"Losing Ground: Foreclosures in the Subprime Market and Their
Cost to Homeowners."
- Dominion
Valley
Dominion Valley is a Toll Brothers community in Western Prince
William County, Virigina. It is profiled in Stephanie Dhue's report.
- Greater
Washington Initiative (GWI)
GWI is a regional cooperative marketing organization that promotes
the Greater Washington region. The site includes statistics about
the region's cities and economic development initiatives.
- Knowledge@Wharton
Knowledge@Wharton is the online journal of the Wharton
School of Business at the University of Pennsylvania. This links
to a Februrary 21, 2007 article titled, "Could Tremors in
the Subprime Mortgage Market be the First Signs of an Earthquake?"
- National
Association of Home Builders (NAHB)
NAHB is a trade association representing home builders and the
housing industry. This links to the NAHB's "Housing Forecast,"
which includes current housing statistics as well as a long-term
forecast for the industry that looks forward to 2015.
- Prince
William County, Virginia
Prince William County, along with Loudoun County, grew rapidly
during the recent housing boom. As Stephanie Dhue reports, real
estate prices in both counties are now under pressure.
- Toll
Brothers
Toll Brothers is a national luxury home builder. Stephanie Dhue
interviews John Elcano, VP of Toll Brothers, in her report.
- Washington,
District of Columbia
This links to information the District of Columbia offers about
homeownership, including a homes database and neighborhood profiles.
*Clicking
these external links will take you off the NBR web site on PBS.org.
NBR has no affiliation with these sites.

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| Region
3: Miami |
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Premieres
Wednesday, March
21, 2007 |
NBR
Correspondent Jeff
Yastine reports on the housing market in America's fun and sun
capital, where real estate experts have their eyes on an excess inventory
of condominiums.
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Watch
Part 3
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| Learn
More About This Topic:
- Bergstrom
Center for Real Estate Studies
The Bergstrom Center is located at the University of Florida.
This links to a the center's "Survey of Emerging Market Conditions"
in the first quarter of 2007. The survey offers detailed real
estate statistics for many Florida counties, including those in
the South Florida region that Jeff Yastine profiles.
- Florida
Association of Realtors (FAR)
FAR is a trade association representing Florida realators. It
has more than 170,000 members. The association's website includes
housing market indicators and other news.
- Goodkin
Consulting
Goodkin is a consulting firm focused on the real estate and financial
industries. Jeff Yastine interviews Jack Winston, a senior consultant
with Goodkin, in his report.
- HUD
User
This website is maintained by the U.S. Department of Housing and
Urban Development's Office of Policy Development and Research.
It focuses on housing market data and studies. This links to a
page titled, "Comprehensive Housing Market Analysis."
- McCabe
Research & Consulting
McCabe Research & Consulting is a South Florida based firm
that specializes in "analysis, consulting services, and macro/micro
research of multifamily residential and commercial mixed use projects."
The company's CEO, Jack McCabe, is interviewed in Jeff Yastine's
report.
- Miami-Dade
County Property Appraiser
The Miami-Dade
Property Appraiser's website allows you to research property values
in the county and to estimate taxes on specific properties.
- National
Association of Realtors (NAR)
NAR is a trade organization representing real estate agents. This
links to the "Research" section of the NAR website,
which offers data on the housing market.
*Clicking
these external links will take you off the NBR web site on PBS.org.
NBR has no affiliation with these sites.

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