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Real Estate

The Takeaway

Let's go to the mall (before it's retrofitted into a nursing home)!

Friday, April 17, 2009

It may not be that easy to find a mall to go hang out and shop anymore. General Growth Properties, one of the biggest mall operators in the country, filed for bankruptcy yesterday. And we are seeing more and more malls die out. In fact as our next guest wrote in The New York Times earlier this month, no new malls have been built in the U.S. since 2006. So what is happening to the mall? And what should happen to the near empty malls now littering the American landscape? To help answer that question, The Takeaway is joined by Ellen Dunham-Jones, Director of the Architecture Program at the Georgia Institute of Technology, and the co-author of Retrofitting Suburbia: Urban Design Solutions for Redesigning Suburbs.

Read the New York Times article, 101 Uses for a Deserted Mall, including a contribution from our guest Ellen Dunham-Jones.

How I Met Your Mother's Robin Sparkles knows how to love a mall:

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The Takeaway

Housing numbers spark mostly confusion, some hope

Friday, April 17, 2009

Even for people who work in the real estate markets every day it is hard to tell what way the housing market is heading. New-home construction held steady at almost 11 percent in March, according to government data released yesterday. But foreclosures are up, with nearly 804,000 homes getting a notice in just the first three months of this year. That's a 24 percent increase compared to the same time last year. But other analysts are seeing hope and some first time homebuyers are finding themselves in great positions to buy.

To help us parse the numbers we turned to two experts: Behrooz Shahidi, a realtor in New Jersey, and Michael Corkery, housing reporter for The Wall Street Journal.
"There certainly was just a wild amount of speculate building during the housing boom, and the air has come way out of that bubble. Most builders won't start a home unless they've got a sale."
—Wall Street Journal writer Michael Corkery on housing changes

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The Takeaway

Our recession hero: Behrooz the good broker

Friday, March 27, 2009

This week, we sent Senior Editor Femi Oke out to bring your stories about the economic crisis back to the show. Sam Jordan was listening in New Jersey and sent us an e-mail. He wanted us to meet a real estate broker who he describes as more or less his real estate hero. Not something you hear about brokers these days, so Femi Oke went and got the story. She found a broker who, even during the height of the real estate boom and easy mortgages, preached caution and budgetary restraint. He lost clients over his moderation and colleagues laughed, but that real estate philosophy saved families, like Sam Jordan's, from mortgage overload. Femi joins us now with the story.

The Takeaway's videographer Jennifer Hsu captured the action on film:

Trouble viewing this video? Check out the YouTube version.

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The Takeaway

Home sales rise in parts of the U.S.

Thursday, March 26, 2009

An uptick in new and existing home sales across the country has real estate watchers and economists hoping that the housing market might have finally hit bottom, especially in the South and West regions of the nation. In the South, new home sales rose almost 10% in February, compared to January, and in the West the rise was 6.6%. Joining The Takeaway are two real estate brokers, Ed Snively of El Centro, California, and Ryan Ward of Atlanta, Georgia who have been riding the tumultuous waves of the housing market in both of those regions.

"Ten years from now, that home you buy today, even given everything we're going through, it is my opinion it is going to be worth more than you pay for it today."
—Ed Snively, of Snively Realty Group, on the current housing market

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The Takeaway

November home sales numbers may indicate worsening economy

Tuesday, December 23, 2008

Two major economic indicators are released today: the numbers for new and existing home sales for November. Together, the numbers are expected to indicate the economy is worsening. Chip Case, the co-producer of the S&P/Case-Shiller Home Price Index, joins The Takeaway to talk about how the housing market is the backbone of the American economy and if there is a prospect for good news in real estate.
"If you look at things that really drive the market, it's prices and employment. You pay your money and you take your chances."
— Chip Case on November home sales

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The Takeaway

Housing and debt

Tuesday, November 18, 2008

"I don't think we're close to a bottom now."
-- Dr. Richard K. Green on the housing market

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The Takeaway

Debtor Nation: How we got here

Monday, November 17, 2008

"Americans are at the bottom of the developed world in how much we save."
--Ronald Wilcox on American debt

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WNYC News

August Wilson's Radio Golf Opens on Broadway

Wednesday, May 09, 2007

Yesterday, the play Radio Golf was named Best American Play by the New York Drama Critics' Circle. It was written by the late Pulitzer Prize winning playwright August Wilson. Radio Golf is the last play in Wilson’s grand 10-play cycle that chronicles African-American experiences of ...

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