Markets & Economy

Most of us prefer walkable neighborhoods, but house still trumps an apartment

NAR survey: Buyers often willing to accept smaller home with shorter commute
Published on Nov 1, 2013 | Updated on Jun 4, 2014

Given the choice, most of us would prefer to live in a neighborhood with a mix of houses, stores, and other businesses that are within walking distance, rather than a neighborhood requiring driving between home, work, and leisure activities, according to a survey from the National Association of Realtors.And most would be willing to compromise on the size of a home or yard in order to live in a preferred neighborhood or experience a shorter commute time -- to a point. The single-family, detached home continues to reign supreme among the housing desires of Americans, even if they have to drive longer to get to it.“Realtors build communities and care about improving those communities through smart growth initiatives. Although there is no one-size-fits-all approach, smart growth is typically characterized by mixed-use development, higher densities, and pedestrian friendly streets that accommodate a wide diversity of transportation modes,” said NAR President Gary Thomas in ...