Crippled Housing Market Complicates Recruiting Efforts

Autor/in	Moser, Kate
Titel	Crippled Housing Market Complicates Recruiting Efforts
Quelle	In: Chronicle of Higher Education, 54 (2008) 45, (1 Seiten) PDF als Volltext Verfügbarkeit
Sprache	englisch
Dokumenttyp	gedruckt; online; Zeitschriftenaufsatz
ISSN	0009-5982
Schlagwörter	Real Estate; College Faculty; Housing Needs; Faculty Recruitment; Problems + Suchen Sie Ihr Suchwort? Grundstück; Fakultät; Problemsituation
Abstract	With a house languishing in the real-estate doldrums of southwestern Ohio, Edward F. Leonard III and his family have lived apart since he took over as president of Bethany College, in Kansas, nearly a year ago. Their situation is like that of many faculty members and administrators frustrated by housing prices across the country. Existing-home sales dropped 15.9 percent from a year ago, the National Association of Realtors announced in June, and sales of new single-family houses were down 40 percent in that period, according to the U.S. Census Bureau. Nationwide, the value of many homes has also plummeted. This article reports that the real-estate slowdown has proved a challenge for faculty members, administrators, and recruits unwilling or unable to sell their houses during a market slide whose bottom economists can only guess at. Still, the buyer's market yields a silver lining at many colleges--a slight reprieve for first-time home buyers. For some institutions, the collapsing real-estate market would be a great recruitment tool--if their state economies weren't also ailing. But lower prices have been advantageous for first-time home buyers at other institutions. (ERIC).
Anmerkungen	Chronicle of Higher Education. 1255 23rd Street NW Suite 700, Washington, DC 20037. Tel: 800-728-2803; e-mail: circulation@chronicle.com; Web site: http://chronicle.com/
Erfasst von	ERIC (Education Resources Information Center), Washington, DC
Update	2017/4/10