Industry News

Suburbia looks inward for answers

Foreclosures reshape real estate landscape: Part I
Published on Apr 14, 2009

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by CareyBot

Don't be surprised to see America's Tomorrowland going retro.

The glut of foreclosed homes, abandoned houses and half-built subdivisions will reshape tomorrow's real estate landscape into cities and towns reminiscent of the pre-World War II era, urban and community planning experts predict.

Picture bustling downtowns with twentysomethings and empty-nesters living in high-rise condos, suburban villages with light-rail lines, quaint shopping districts and scaled-down McMansions ...

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