Check out this article written by Amy Hoak via RISMedia. The article is entitled “Homes in Walkable Neighborhoods Sell For More“, and sheds light on the growing popularity of walkability as a desirable attribute for real estate (and real estate values).
RISMEDIA, August 22, 2009-(MCT)-Homes located within walking distance of amenities such as schools, parks and shopping aren’t only more convenient for their owners, often they’re also worth more than homes in neighborhoods where driving is the rule, according to a new study.
The report looked at 94,000 real-estate transactions in 15 markets. In 13 of those markets, higher levels of “walkability” were directly linked to higher home values. Read the rest of this entry ?