In L.A., With a Reputation Sprawl, Homes Near Transit Selling at a Premium
"Access to public transit is the new granite countertop when it comes to home listings," writes Noah Buhayar.
"That’s the takeaway from a study by real estate data firm Trulia, which looked at the language used to describe homes on the market in Los Angeles from 2013 to 2018. Mentions of the city’s transit more than doubled over the period and for all but the most expensive quarter of homes, sellers got rewarded for it. On average, the premium was 4.2 percent."