Urban Lifestyle Preference On The Rise

Using the 15-year-old transformation of Rockville, MD's mall-centered downtown to a mixed-use town square as an example, the real estate industry sees the suburban-to-urban lifestyle change spreading across much of the country.

Reuters suggests that the change will be hastened by the aging baby boomers that seek a more walkable environment with urban amenities that are not available in much of 1950s-suburbia. In addition, it will be profitable for urban developers as home-seekers will pay a premium for these residences.

"Rockville (MD)'s renaissance over the past four years shows how the shift toward urban-style living has reached the suburbs. And urban planners insist the trend has legs."

"The unexpected revival of a number of cities, from Rockville to Sacramento, stands in contrast to plunging home prices in the suburbs. "America is catching on to this trend," said Peter Calthorpe, who co-founded the Congress for the New Urbanism in 1993 to create alternatives to the conventional suburb."

Thanks to Climate Plan

Full Story: Special Report: Smart Money in Real Estate Is on Smart Growth

Comments

building block set

NEW! Build the world you want to see

Irresistible block set for adults when placed on a coffee table or desk, and great fun for kids.
$25
Red necktie with map of Boston

For dads and grads: tie one on to celebrate your city!

Choose from over 20 styles imprinted with detailed city or transit maps.
$44.95
Book cover of Insider's Guide to Careers in Urban Planning

So you want to be a planner...

Check out our behind the scenes look at 25 careers in the Urban Planning field
Starting at $14.95
Wood necklace with city map

City Necklaces

These sweet pendants are engraved on a cedar charm with a mini map of selected cities. The perfect gift for friends and family or yourself!
$28.00