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A Tale of 5 Cities - Blog Entries

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Members of the NBR team write about the the housing market woes in the regions they cover. Read what they have to say, and post your own thoughts.

Manhattan's Unique Subprime Problem Photo of Suzanne Pratt.

posted by Suzanne Pratt, Senior Correspondent on March 5, 2008

Unlike most cities in the country, the Manhattan real estate market was not initially touched by the subprime mortgage mess. In fact, as I report in our "A Tale of 5 Cities" series, up until recently there was little evidence of problems with subprime mortgages or foreclosures... + More

Detroit's Housing DoldrumsPhoto of Diane Eastabrook

posted by Diane Eastabrook, Chicago Bureau Chief on May 2, 2008

Perhaps no real estate market in the U.S. will have as much trouble recovering from the current housing crisis as Southeast Michigan. Unlike a lot of areas, Detroit's housing market didn't become overheated by subprime mortgages. Rather, it is a region that has been on the decline for decades. Detroit has yet to really... + More

DC's Recession Resistant MythPhoto of Stephanie Dhue.

posted by Stephanie Dhue, Correspondent on May 2, 2008

When real estate was booming, the mantra of people in the business of selling homes was that the DC market was “recession resistant.” The theory went that since the federal government is here, house prices would stabilize or continue to rise. While it is true that the DC economy is buoyed by the government's presence, the... + More

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