Homebuyers are looking for locations with quality transit access in Los Angeles, and they're willing to pay more for the option having transit nearby.
"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."
FULL STORY: Transit proximity raises prices of homes in LA
Los Angeles Transit Ridership Grew in 2023
Metro attributes the growth to new destinations, added security, and a streamlined train system.
LA’s ‘Universal Basic Mobility’ Pilot, Eight Months In
The program issued ‘mobility wallets’ to 1,000 residents who took over 67,000 trips.
How to Reduce Excess Vehicle Travel
Some experts claim that remote work is the most effective way to reduce vehicle travel, but my research indicates that improving and encouraging walking, bicycling, and public transit can provide larger impacts and benefits.
Pennsylvania Mall Conversion Bill Passes House
If passed, the bill would promote the adaptive reuse of defunct commercial buildings.
Planning for Accessibility: Proximity is More Important than Mobility
Accessibility-based planning minimizes the distance that people must travel to reach desired services and activities. Measured this way, increased density can provide more total benefits than increased speeds.
Fair Housing Cannot Take a Back Seat to ‘Build, Baby, Build’
If we overlook fair housing principles in the plan to build US housing back better, we risk ending up right back where we started.
LA Metro Board Approves New 710 Freeway Plan
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Austin’s Proposed EV Charging Rules Regulate Station Locations, Size
City planners say the new rules would ensure an efficient distribution of charging infrastructure across the city and prevent an overconcentration in residential areas.
Making California State Parks More Climate-Resilient
A recently released report offers recommendations for keeping state parks healthy and robust, including acquiring additional land for conservation and recreation.
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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