Homes farther out from the central city and with longer commutes are being hit harder by the downturn in the housing market. Those located close to city cores and transit are faring better, according to this report from NPR.
"The ones with short commutes are faring better than places with long drives into the city. Some analysts see a pause in what has long been inexorable - urban sprawl."
"The Washington, D.C., metropolitan area has been hit hard. Prices tumbled an average of 11 percent in the past year. That's the big picture. But a look at Ashburn, Va., about 40 miles from the center of town, finds a steeper fall."
"In parts of the county, housing prices have dropped 18 percent over that same period. New construction has ground to a halt."
"At a recent auction of foreclosed homes north of Washington, in the Maryland suburbs, there weren't many takers. All of the addresses are far from downtown, and average commute times are among the highest in the nation."
"It's a different story for properties that are closer to the city's center - in areas of Montgomery County that are on the edge of Washington."
FULL STORY: Home Prices Drop Most in Areas with Long Commute
Pennsylvania Mall Conversion Bill Passes House
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Eviction Looms for Low-Income Tenants as Rent Debt Rises
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Brightline West Breaks Ground
The high-speed rail line will link Las Vegas and the Los Angeles area.
Colorado Bans No-Fault Evictions
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City of Costa Mesa
Licking County
Barrett Planning Group LLC
HUD's Office of Policy Development and Research
Mpact Transit + Community
HUD's Office of Policy Development and Research
Tufts University, Department of Urban and Environmental Policy & Planning
City of Universal City TX
ULI Northwest Arkansas
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