Webcast Media Advisory: New Book Sounds Death Knell for Suburbs

--(BUSINESS WIRE)--American Planning Association (APA):

What:	Live Webcast Media Briefing
	Author of Foreclosing the Dream: How America’s Housing Crisis Is Changing Our Cities and Suburbs details what the foreclosure crisis means for outer-ring suburbs and central cities.
When:	Friday, Feb. 26, 2010; 11:30 a.m. (Eastern)
Who:	William H. Lucy, University of Virginia, Professor of Urban and Environmental Planning
	W. Paul Farmer, FAICP, APA Chief Executive Officer
Details:	Foreclosing the Dream, published by the American Planning Association (APA), is the first book to look beyond the financial manipulations to understand what truly fueled the foreclosure crisis and what it means for the future of suburbs and cities.

According to the book:

• American Dream is Changing: Higher rates of foreclosures in new suburbs and exurbs compared to lower rates in cities show that increasingly people want to live in cities.

• Demand Down in Suburbs: The number of households in the 30 to 45 age group has declined by 3.4 million since 2000.
• “White Flight” Ends: The stereotypical “white flight exodus” from central cities has been reversed in most large metropolitan areas.

	In examining the foreclosure rates in 236 counties in the 35 largest metropolitan areas, combined with housing and income characteristics in each of the 50 states, Lucy provides a more complete understanding of the housing and financial crisis that began in 2008. To receive the 35 metropolitan data in advance of Friday’s briefing, e-mail Roberta Rewers at [e-mail].
	Author William H. Lucy is the first to examine the full impact of foreclosures in conjunction with other factors such as the influence of politics, household demographic changes, household income, and national housing policies to generate a comprehensive view of what is happening in our communities.
To log-on:	Visit www.meetingconnect.net/live-meeting/ to join the visual portion of the call. Click “join a meeting” in the upper right hand corner. Enter your first and last name, and meeting ID: 1631808. There is no passcode. Click “Join.” To connect to the audio portion of the call dial: [phone]. When the operator answers, the Conference ID is 58179141.