Hacker Connect January 16 in New York
An event for and by the real estate tech community

Homes in neighborhoods where goods, services and fun things to do are located within walking distance can command a price premium of $4,000 to $34,000 over otherwise similar homes in less walkable areas, according to an analysis of recent home sales.The study, "Walking the Walk," was commissioned by CEOs for Cities, a group that promotes sustainable cities. The study focused on about 90,000 recent home sales in 15 markets, finding a positive correlation between home values and walkability in all but two -- Las Vegas and Bakersfield, Calif.Walkability was defined using an algorithm dubbed Walk Score that was developed by "civic software" developer Front Seat.The Walk Score algorithm calculates a property's proximity to restaurants, coffee shops, schools, parks, stores an...