News Update: Declining Home Values in Chinese Suburbs

  • The prices of suburban homes in the Chinese mega-cities of Beijing, Shanghai, Shenzhen and Guangzhou all fell between 30 and 50 percent from July to September. See chart below:
also:
  • Private equity company Blackstone is investing over $1 billion in suburbs across Atlanta, Chicago, Columbus, Dallas, Minneapolis, Orlando and Tampa.
  • Yet another take on the growing poverty in America’s suburbs via the Brookings Institute. Suburban poverty has increased by 53%, compared to a rate of 26% in cities. Two-thirds of the suburban poor were added during the recession–between 2007 and 2010. The article showcases the difficulties different suburbs face in combating poverty, as few posses the social programs and resources afforded to most cities.
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