A new reports says high gas prices have contributed to falling house prices in the nation's suburbs.
"First it was the faltering economy. Then came rising commodity prices.
Can steadily increasing gas prices also be blamed for bursting the housing bubble?
Yes, says Portland economist Joe Cortright of Impresa Inc. "The gas price spike popped the housing bubble," he writes in a new report called "Driven to the Brink."
The report, funded by CEOs for Cities, a pro-urban Chicago-based nonprofit, advances an argument gaining steam in national urban planning circles: Rising gas prices have made it less attractive to live in suburban neighborhoods that require driving to work, shop and fun.
In metro areas where home prices are falling, they're falling more steeply in suburbs than in central areas. In metro areas with strong inner city neighborhoods -- like Portland -- prices of centrally located homes continue to rise while the region's prices fall.
That observation also came up during an Urban Land Institute presentation Tuesday in Washington, D.C., on infrastructure investment.
But economists disagree about the role gas prices may have played in the housing downturn. Most say the mortgage lending crunch, overbuilding by homebuilders and speculation by investors played larger roles."
FULL STORY: Spike in gas prices help burst housing bubble, a Portland economist suggests

Planetizen Federal Action Tracker
A weekly monitor of how Trump’s orders and actions are impacting planners and planning in America.

San Diego Adopts First Mobility Master Plan
The plan provides a comprehensive framework for making San Diego’s transportation network more multimodal, accessible, and sustainable.

Walmart Announces Nationwide EV Charging Network
The company plans to install electric car chargers at most of its stores by 2030.

Seattle Builds Subway-Sized Tunnel — for Stormwater
The $700 million ‘stormwater subway’ is designed to handle overflows during storms, which contain toxic runoff from roadways and vehicles.

Feds Clear Homeless Encampment in Oregon Forest
The action displaced over 100 people living on national forest land near Bend, Oregon.

Is This Urbanism?
Chuck Wolfe ponders a recommended subscription list of Substack urbanists and wonders — as have others — about the utility of the "urbanist" moniker.
Urban Design for Planners 1: Software Tools
This six-course series explores essential urban design concepts using open source software and equips planners with the tools they need to participate fully in the urban design process.
Planning for Universal Design
Learn the tools for implementing Universal Design in planning regulations.
City of Moorpark
City of Tustin
Tyler Technologies
City of Camden Redevelopment Agency
City of Astoria
Transportation Research & Education Center (TREC) at Portland State University
Regional Transportation Commission of Southern Nevada
Toledo-Lucas County Plan Commissions