A New Set of Housing Winners and Losers Is Emerging: Conor Sen

The 2008 financial crisis created of a set of real estate winners and losers -- both at the household and geographic level -- based on how they were positioned in the housing market at the time. Many saw the equity in their homes wiped out, and communities with economies heavily dependent upon residential construction and real estate activity – such as fast-growing Sunbelt metro areas, particularly in the outer suburbs – saw unemployment soar, setting back them back years. Central business district cities such as Manhattan and San Francisco, with economies less tied to housing construction and where workers were ...