Personal tools
log in | join | help
Sections

Home Prices Drop Most in Areas with Long Commute

by Slow Home last modified Jan 04, 2012 02:13 AM
Editorial Rating: 1 2 3 4 5
Average Rating: 1 2 3 4 5 ( 0 votes)
by Slow Home last modified May 05, 2008

By Kathleen Schalch from NPR Economists say home prices are nowhere near hitting bottom. But even in regions that have taken a beating, some neighborhoods remain practically unscathed. And a pattern is emerging as to which neighborhoods those are...




 

 

By Kathleen Schalch from NPR

Economists say home prices are nowhere near hitting bottom. But even in regions that have taken a beating, some neighborhoods remain practically unscathed. And a pattern is emerging as to which neighborhoods those are.

The ones with short commutes are faring better than places with long drives into the city. Some analysts see a pause in what has long been inexorable — urban sprawl.

The Washington, D.C., metropolitan area has been hit hard. Prices tumbled an average of 11 percent in the past year. That's the big picture. But a look at Ashburn, Va., about 40 miles from the center of town, finds a steeper fall.

Read the rest of the article or listen to the report.


 

 

 
 
 
this website is for sale

This website will undergo significant changes in 2019.  First, the domain name has been sold. Visitors will not be able to find the site at livemodern.com after about six months. In the meantime, we are looking for a buyer for the content, someone who wants to continue the mission of the website. If that is you, contact marshall [at] livemodern.com. I will provide details.

more...
 

Website migration, maintenance and customization provided by Grafware.