Walkability Dictates Severity of Housing Decline

Here’s an interested graphic from Calculated Risk that reflects the recently released Case-Schiller Home Price Index. The chart indicates that those areas with more central, walkable downtowns have held up better in terms of property value loss than others, or, as Richard Florida noted on his blog, “In particular, walkability and neighborhood quality seem to be emerging as the best hedge against massive housing price declines.

Matthew Brian Hersh served as senior editor at Shelterforce from March 2008 to October 2012. He studied English at Rutgers University and has spent his professional career in journalism, policy, and politics.


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