Monday, August 24, 2009

Putting a price on walkability

This story from CNN Money discusses a report by the group CEOs for Cities that shows a correlation between the "walkability" of neighborhoods and home values.

How much is walkability worth? An intriguing new study suggests that people are willing to pay considerable premiums for houses in neighborhoods that are highly walkable — that is, where you can actually get to nearby stores, schools, and parks without having to hop in the car. Read more...

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