Two New Studies: The Value of Walkable Neighborhoods
This week the Victoria Transport Policy Institute released a report that shows that the market for small-lot, attached housing in accessible, multi-modal communities is strong and all indications point to it maintaining its value. The report titled "Where We Want To Be: Home Location Preferences And Their Implications For Smart Growth" can be downloaded here.
Another new report published by CEOs for Cities titled 'Walking the Walk,' finds that Americans are willing to pay more to live in a place where they can do daily errands on foot, rather than in a car. A house in a walkable neighbourhod can add up to $3,000 to the value of a home. The full report can be found here.