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Editor-in-Chief: ALLEN Y CHEN
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Entries from Austinist tagged with 'commuting'

April 22, 2008

The nationwide drop in home prices is disproportionately sharp for those houses farthest from employment centers. In Washington D.C., prices dropped an average of 11% in the last year, but have risen in areas close to downtown or public transportation. Local statistics seem to bear this out - average price per square foot was down 2.21% overall as compared to last year. Most central areas were up (except for Zilker, which was pretty flat), while some outlying areas were up and some were down....

Continue Reading "Long Commutes Pushing Down Suburban Home Prices"

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