{"418391":{"#nid":"418391","#data":{"type":"external_news","title":"Professor Immergluck says underwater homeowners\u0027 halted investing is contributing to continued housing crisis in poor communities","body":[{"value":"\u003Cp class=\u0022p1\u0022\u003EThe housing rebound may have lifted home prices across much of the nation. But cities like Lithonia, Ga., are still waiting for the bounce.\u0026nbsp;Along with other communities in the Atlanta area, the small working-class suburb saw prices run up during the housing boom a decade ago, followed by an epic bust. While nearby wealthier areas are now rising, or even fully recovered, poorer towns such as Lithonia are stuck with a housing crisis that drags on. A decade ago, Lithonia seemed like a city on the rise. A new shopping mall opened in 2001. In 2006, a home builder started construction on the first new subdivision in the town in years. An Atlanta-based developer proposed constructing an amusement park a short drive away. When home prices started to drop, however, most of those plans were canceled or put on hold. The homes that did get built, originally priced between $170,000 and $220,000, are now worth $150,000 at most, according to Zillow estimates. Construction on a hotel at the mall was stopped after the crash; now trees sprout through the base of the building\u2019s shell. Many underwater homeowners have stopped investing in their homes, says Dan Immergluck, a Georgia Tech School of City \u0026amp; Regional Planning professor who has studied the issue. That has contributed to the cycle of falling home prices and deteriorating housing stock.\u003C\/p\u003E","summary":null,"format":"limited_html"}],"field_subtitle":"","field_summary":"","field_summary_sentence":"","uid":"28044","created_gmt":"2015-06-24 16:13:10","changed_gmt":"2016-10-08 02:27:35","author":"Jessie Brandon","boilerplate_text":"","field_publication":"","publication":"Anton Leykin","field_article_url":"","publication_url":"http:\/\/www.wsj.com\/articles\/in-u-s-poorer-areas-have-yet-to-see-housing-rebound-1435091711#livefyre-comment","dateline":{"date":"2015-06-23T00:00:00-04:00","iso_date":"2015-06-23T00:00:00-04:00","tz":"America\/New_York"},"extras":[],"hg_media":{"59739":{"id":"59739","type":"image","title":"Dan Immergluck","body":null,"created":"1449176227","gmt_created":"2015-12-03 20:57:07","changed":"1475894265","gmt_changed":"2016-10-08 02:37:45","alt":"Dan Immergluck","file":{"fid":"190975","name":"Dan_Immergluck_2.JPG","image_path":"\/sites\/default\/files\/images\/Dan_Immergluck_2_0.JPG","image_full_path":"http:\/\/www.tlwarc.hg.gatech.edu\/\/sites\/default\/files\/images\/Dan_Immergluck_2_0.JPG","mime":"image\/jpeg","size":3563377,"path_740":"http:\/\/www.tlwarc.hg.gatech.edu\/sites\/default\/files\/styles\/740xx_scale\/public\/images\/Dan_Immergluck_2_0.JPG?itok=7lzrc29c"}}},"media_ids":["59739"],"groups":[{"id":"1224","name":"School of City \u0026 Regional Planning"}],"categories":[],"keywords":[{"id":"9928","name":"AJC"},{"id":"6085","name":"dan immergluck"},{"id":"790","name":"Housing"},{"id":"99801","name":"housing crisis"},{"id":"99601","name":"inequality"},{"id":"130491","name":"poor communities"}],"core_research_areas":[],"news_room_topics":[],"event_categories":[],"invited_audience":[],"affiliations":[],"classification":[],"areas_of_expertise":[],"news_and_recent_appearances":[],"phone":[],"contact":[],"email":[],"slides":[],"orientation":[],"userdata":""}}}