The Wall Street Journal reports Americans are paying more for homes, where homes provide walkability to recreation and retail.
Source: The Wall Street Journal, Nancy Keates (07/02/2010)
Walkability Is a New Desired Amenity The increasing interest among Americans in walkability is spawning a change in attitude about the desirability of not only urban areas, but also suburbs — both old and new — that have nearby amenities that can be reached on foot. Having amenities within walking distance can boost the value of a home as much as $3,000, according to one study. Another found that “location efficiency,” a measure of transportation costs, affected the number of foreclosures in a neighborhood.
Tuesday, July 6, 2010
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment