Industry NewsMarkets & Economy

Housing healthier near thriving metros

Report: Subdivisions face 'double whammy' of commutes, utility bills
Published on Oct 21, 2008

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by CareyBot

As housing prices near a bottom -- perhaps by late 2009 -- homes closer to cities with thriving economies and mass transit will outperform outer ring suburbs and "exurban areas," where high gas prices make long car commutes expensive and rising energy costs mean bigger utility bills.

That's the conclusion of a report based on interviews with more than 600 real estate experts, including investors, developers, lenders and real estate brokers.