Introducing the November/December 2015 print issue of Pacific Standard.
The Steel City offers a better chance for upward mobility than almost any other place in the United States.
Rising rates will obviously send monthly payments higher, but they'll also affect the market in a more unusual way: They're going to hurt all-cash investor purchases of housing, which have been a boon to the most distressed markets.
Nearly a century ago, during the Great Migration, less-educated individuals were the ones who left home in search of better lives. The opposite is true today, with the educated more mobile than ever before, leaving some places in a spiral of decline.