Last week, the City Paper “mapped out” the income of Washington DC’s “neighborhood incomes by census tract.” Earlier on, the Washington Post mapped the “percentage of homes in each ZIP code that have negative equity:”
Over the past year, DC-area housing prices experienced “solid gains” (4.4%); however, progress was not even across the metropolitan area. In particular, “many of the homeowners with mortgages higher than their home’s value were clustered in the eastern parts of the District and in Prince George’s County,” where prices have been slower to rise since the housing bust.
Says Dean Baker of the Center for Economic and Policy Research, “I have no doubt that we have turned the corner [...] What we can expect is to see modest price appreciation, something in the neighborhood of 4 percent for the next several years.”
Yesterday on Greater Greater Washington, David Alpert also points out that, as the map above reveals, “the economic recovery is not hitting all areas or all people equally. We need more jobs east of the river and in Prince George’s County.”
Share your thoughts on the housing market’s recovery — and its markedly uneven pace. What would provide the greatest catalyst for growth in the areas that need it?
This past weekend, on the City Paper’s Housing Complex blog, Aaron Wiener questioned: “A City Divided — But More Than Most?”
I spent some time this morning playing around with a nifty tool that breaks down American neighborhood incomes by census tract. It’s a great way to see how divided a city is along income lines. So is DC more income-segregated than other major American cities? Let’s take a look. Green = rich, red = poor, yellow/white = somewhere in the middle.
Amid change, affordable housing revitalizes parts of Ward 5 (Greater Greater Washington): “As development along Rhode Island Avenue and New York Avenue take shape over the next few years, much of DC’s Ward 5 will see major changes. But can these changes draw new residents without displacing existing ones? A key element will be to preserve and expand the availability of affordable housing.” This past week, Housing For All Campaign hosted a town hall meeting focused on the options, both small and extensive, for accessible housing in Ward 5. “Ward 5 will continue to benefit from the investments in affordable housing that build vibrant spaces for current and future District residents.”
Online Giving Streak Continues With 13% Rise Last Week (Chronicle of Philanthropy): “Online giving to 8,700 charities rose 13.3 percent last week when compared with the same days last year, according to Network for Good [...] What’s more, the number of donations grew nearly 7 percent.” The week of Thanksgiving, online giving actually rose an impressive 61 percent; and after Thanksgiving, giving rose by 42 percent — primarily as a result of Giving Tuesday. The Chronicle has created an interactive graphic that compares 2012 giving with 2011 giving on a day-by-day basis; check it out here.
Obesity in Young Is Seen as Falling in Several Cities (New York Times: Health): “After decades of rising childhood obesity rates, several American cities are reporting their first declines. The trend has emerged in big cities like New York and Los Angeles, as well as smaller places like Anchorage, Alaska, and Kearney, Nebraska.” While the the drops are small (5 percent or less in Philadelphia and Los Angeles), experts say they are significant because they offer the first indication that the obesity epidemic, one of the nation’s most intractable health problems, may actually be reversing course.” However, others point out that “the current declines, concentrated among higher income, mostly white populations, are still not benefiting many minority children.”
From “How a GED Is a Real Advantage…” by Ralph da Costa Nunez, President of the Institute For Children, Poverty & Homelessness, from Saturday’s Huffington Post:
Recent data demonstrate that obtaining a GED has employment and income benefits for all recipients. Nationally, high school dropouts who obtain a GED on average increase their earnings by $115 per week or $3,500 per year.