Teke's Stories

Home prices in neighborhoods with access to public transit performed significantly better during the housing slump than home prices in other communities, according to a study by the Center for Neighborhood Technology, a nonprofit think-tank that promotes urban sustainability.

The study, "The New Real Estate Mantra: Location Near Public Transportation," concluded that home values in areas with access to "fixed guideway" public transit service performed 42 percent better than homes further from public transit in the same regions from 2006 to 2011. Fixed guideway transit includes commuter rail, heavy rail, light rail, bus rapid transit, and ferry service.

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