Showing posts with label Pittsburgh. Show all posts
Showing posts with label Pittsburgh. Show all posts

Thursday, August 4, 2011

Housing Prices Up for Quarter

Clear Capital released its monthly Home Data Index™ (HDI) Market Report today, with news of U.S. home price gains of 4.1 percent comparing the most recent rolling quarter to the previous one. The report shows recent gains off the record low in home prices experienced this past winter have not been enough to change the broader housing picture, which remains down 7.9 percent since June 2010, and down 1.8 percent from June 2009.

“Building off last month’s minimal quarterly gains, prices continue to correct from winter’s extended declines,” said Dr. Alex Villacorta, director of research and analytics at Clear Capital. “Although this is encouraging, many markets are still near, or at record lows as REO saturation remains a significant proportion of all sales activity.”

The company says the gains of 4.1 percent reported in this report are improving upon last month's 0.9 percent rolling quarter uptick. 

Year-over-year home prices however are mired in negative territory off last year's tax credit highs, with three out of the four regions (West, Midwest, and South) posting year-over-year price declines greater than -7.3 percent.

Driven by stronger spring and early summer sales, all quarterly prices are up significantly among the highest performing markets compared to the slower winter buying season. The markets of Milwaukee, Rochester and Pittsburgh posted the strongest quarterly gains on seasonal influences.
Houes in Pittsburgh

While REO saturation as a whole continued to be significant in highest performing markets, the average saturation rate fell to 22.7 percent, a three percent decline from last month. Rochester, Pittsburgh, Boston and New York led the way, posting single digit rates of REO saturation.

Elevated distressed home sale activity continues to take a toll on the lowest performing markets across the country. 


Wednesday, July 13, 2011

Public Transportation in Dallas: Not There Yet

Until I moved to DFW area, I had always been using public transportation.

There were not many people who could afford owning a car when I grew up in China. True, in the 90’s almost everyone rode a bicycle for commuting. Almost, as I said here because my mom is one of few in China who doesn't know how to ride a bike. But she has been fortunate to always live within walking distance of work. I remember the excitement when waiting for the bus with my mom to go shopping on those Sunday mornings. Occasionally the bus was so crowded that nobody could walk around without pushing others. You handed out a dime to someone next to you and he relayed to the next and so on and on until the money reached the bus assistant and then the fare ticket came back in the same manner. 

When buses are the only means to transport people from point to point, you don’t complain about the service – you deal with it and it is part of your life.

For a short period of time, I lived in a small town in Japan and worked in a neighboring city. The on-time performance of my daily commuter bus was so stunning that the difference between the actual arrival time and the schedule could be counted in seconds. Every regular commuter had their own seat and we greeted each other with a nod and rode the next 30 minutes or so together in silence.

In the next stop of my life journey, Pittsburgh provided a public transportation service that paled in comparison. The wait for the next bus could feel excruciating on dark winter nights. And rivers, bridges and meandering roads made a seemingly close destination much further away. It was on those buses that I finished reading many New Yorker Articles, including “The Climate of Man”, a three-part article that made me aware for the first time that riding a bus helps reduce a carbon footprint.

But it went deeper than my newly converted greenness. Using public transportation gives me the freedom to either retreat into my own world or diligently observe the sights and sound of the city, or glimpsing at other anonymous passengers. The sub-consciousness pulls on me and out between solitude and interaction within a small public space that moves through different neighborhoods and has had a great positive boost to my productivity. By the time that I got off the bus in Pittsburgh, I always felt I had rested enough and was eager for the next task.

New York is the only city I've lived in where schedule brochures for subways systems seem unnecessary. Riding a train was never as quiet as a bus ride in Japan or as mind-soothing as in Pittsburgh. It is a platform where arrays of commuters, with occasionally real entertainers, absorb other fellows into a kaleidoscopic assembly of colors, smells, sounds, languages and motions. I have learned those rats living underground are deaf from train noises, at least that's how conventional wisdom has it, and the tricks of which train car to get on in order to get out quickly.

Moving from New York City, it was natural for me to hop on a commuter train the first day I moved to a new place in Dallas that enabled me to use public transportation for work. Trinity Railway Express, a commuter rail line which connects Dallas with Fort Worth through many of the Mid-Cities, has something even New Yorker may envy: A bi-level cab car with free internet.

On my first morning ride, the train was empty, partially because that particular one only went to DFW airport, which is still 30 minutes away from Fort Worth. A guy in security uniform fell asleep. And a woman was playing with her smart phone all the time. After all, the route is not scenic. Named after the Trinity River, which also links Dallas with Fort Worth, most of the sections between Dallas and DFW airport are in the southern part of Irving, which alternates between isolated shopping plazas, desolate houses and industrial warehouses.

There is a streamlined shuttle connecting TRE Centerport station (DFW airport) with nearby corporate headquarters during rush hour. I felt like having a chauffer service even though the ride was merely one mile long.

Yet it was a totally different story on the way back. After getting off at Medical/Market Center station, I was instructed by Google Map to either walk or wait for a free shuttle bus in order get to another bus for transfer near Parkland Hospital. The walk was not long, in fact merely 0.7 mile; yet it was more than 100 degrees at 5:20 p.m.

I decided to walk. Luckily I was wearing a polo shirt. However, right after I turned around at the Children’s Hospital, I realized that I made a mistake. The walk involved crossing Harry Hines Boulevard, a major six-lane alternative highway (to I35) in rush hours. According to Wikipedia, the boulevard is regarded as the very first “highway” in Texas. Normally it takes some courage to cross such a monstrous road, yet I was lucky that road construction slowed traffic dramatically at the intersection.

Fifteen minutes later, I was outside the Parkland Memorial Hospital’s new site (under construction) where 11 different bus lines plus two different DART light rail lines merge (sort of).

All bus stops are scattered around a wasteland with overgrown grass big enough to fit in a basketball stadium. It was very hard to tell what bus stops are where from distance and there is no map for guidance. Worst of all, there was no shade at all. Just as I was wondering where was the bus stop for my bus to Oak Lawn, a 409 bus circled around and stopped on the other side of the grass dune. I decided not to run to save my dress shoes and myself from a heat stroke. So it left without waiting for me. The next 20 minutes was long. I didn’t melt, but I expected to. The only relief that I got was from the shade of the small bus sign. The bus ride was merely 12 minutes yet the waiting (plus walking) part cost me 35 minutes, all directly under the sun.

By the time that I got home, it was one hour twenty minutes later from when I stepped out of the office.

Neither the TRE ride nor bus ride was bad at all, yet Dallas public transportation system fails to connect people point to point. It is, instead, designed for interconnecting regions; yet without point to point coverage, public transportation cannot be a feasible solution for most of residents.

For example, TRE Medical/Market Center station is NOT anywhere nearby DART Southwest Medical District/Parkland station. If one prefers light rail and trains for connection, they have to take TRE to the next stop (Victory Station) and then ride a DART train back to one kilometer.

It is probably too late to change the route of either rail system to make them connect, then an alternative solution is to have most of the buses which stop at Southwest Medical District/Parkland station take a three minutes detour to the TRE station so that anyone who needs a transfer does not have to relay on a particular free shuttle.

Lastly, it is understandable that buses may have some delay and a maximum twenty-minute wait can occasionally occur, yet it is important to at least make such a wait tolerable. A shelter with a full partial roof helps. For a big transport hub with many bus stops clustered, a center passenger wait room with detailed bus route/connection and schedule information is more attractive.

Recently, the Dallas Morning News published an article about the DART ridership. It puzzles many that less people are using DART now even though gas prices are at historical high. Yet without being able to connect people to where they want to go and without consideration of daily commuter’s basic needs such as route, time, frequency and a simple shelter, it won’t win their hearts, easily.  

Wednesday, June 22, 2011

A Walk Through State Thomas

State Thomas is clearly a success story in terms of urban revitalization, but I'm not sure it's one known about much beyond Dallas. I took the opportunity to walk around the area today, with a particular interest in looking at some of the historic houses. 

If this neighborhood was like my former Pittsburgh neighborhood of Deutschtown, there would be a concerted effort to keep commercial uses out of residential buildings. In Deutschtown there's even an effort to keep commercial uses out of some commercial buildings. This is misguided at best and more accurately detrimental to a vibrant urban neighborhood. 

Walking through State Thomas, it is refreshing to see many office and light retail uses in buildings built for residential purposes. It neither detracts nor seems to keep residents from wanting to live there. 

Another thing that hasn't been welcomed in neighborhoods like Deutschtown is higher-density development. Yet here in State Thomas most of the newer development is at a far higher-density than the blocks with single-family homes. Restaurants, nail salons and coffee shops are mixed in, helping to make State Thomas a great place to live. Like Deutschtown, State Thomas is within walking distance to downtown. 

It is worth remarking that what can be lost on older neighborhoods like Deutschtown with more to work with is obvious in State Thomas.

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Tuesday, May 10, 2011

The Image and Ideas of Dallas

Steam Engine in Grapevine, Texas
I arrived in Dallas in the early part of 2010 and was greeted by some snow. That was the first preconceived notion about the region that was broken for me.

I moved here with my partner from Brooklyn. I was concerned people in the South would have some animosity to New Yorkers- its that one cover of New York Magazine, which I think featured Newt Gingrich the on the cover, with the headline WHY AMERICA HATES NEW YORK. With that I suggested we say we hailed from Pittsburgh, the city we lived in prior to Brooklyn.

Eventually I got around to saying Brooklyn. It was easier that backtracking and explaining the last two years that followed our time in Pittsburgh-- in the capital of the world. It was pretty hard anyway given the license plate was still from New York and the back of the car said Bay Ridge Honda.

Compared to New York, or even Pittsburgh, we figured there wasn't much of a city in Dallas. Sure there were skyscrapers, but you couldn't really walk around or use public transit. With that we figured if we must drive, it may be wise to find a somewhat walkable suburb and at least limit travel time to my partner's work near the airport. We found Grapevine, Texas.

There was always some chance we would move again, but the four beasts that came along made it hard to find a rental, at least one in a place we would feel comfortable living. So we bought a house. The size of course made it attractive-especially compared to the 700 square foot apartment in Brooklyn.

On one of the first days here I heard the sound of a steam train. This was familiar to me as I grew up in a town with a steam train, however the sound of the train came a bit later. It's more accurate to say there was the rusting hulk of a steam engine that sat at the local landmark known as the Horseshoe Curve. For me, and many others in the town, it represented a glorious and prosperous past. Altoona wasn't a rust-belt city exactly-it hadn't been as hard hit as the towns with mills, like Johnstown and Pittsburgh. But it was always clear downtown and elsewhere that things weren't what they used to be.

Then one day came the inspiration and funding to make the old rusting hulk of metal run again. That they did, although it didn't last long before the boiler blew and the engine was removed from public view.

That was the background for me of hearing this steam engine in my new town of Grapevine. Exploring more, I discovered they also had a nice train station and the trains, while not always powered by steam, made regular runs to the Fort Worth Stockyards. Grapevine has two things Altoona didn't have, a working steam engine and a viable Main Street.

Altoona was something I left long ago, however and the infatuation with Grapevine began to dissipate. It never was an infatuation exactly, rather a best option at the time. Don't get me wrong, it's a great place to live, and perhaps the best suburb in the region as far as being a distinct, somewhat walkable place. The thing is, I didn't come directly from Altoona to Grapevine. I have spent 20 years in Brooklyn, Pittsburgh and San Francisco in between. After a little more than a year here, the trips to Dallas, and to some extent Fort Worth, became so frequent, and the longing for a more urban environment so strong, it became apparent that the thing to do was move.

This is the point where this blog begins.