Some neighborhoods sparkle with luxury properties and BMWs. In others, terms like “country club” and “summer home” rarely pass from residents’ lips. Somewhere in between is a rarer type of community, residential oases where silver spooners and the working class live side by side, enjoying what tend to be the the same safe streets and and highly ranked schools.
- "For homebuyers, it’s not impossible" to find economically diverse places to live, just "really hard," Redfin says.
- Places with a balanced mix of home prices cover just 13 percent of major U.S. cities, according to a study released by Redfin.
- This is cause for concern because economic segregation by neighborhood stunts economic mobility.