Wednesday, November 30, 2011

Transitioning Away from Suburbs

This recent article in the New York Times offers an interesting glimpse into the changing landscape of the real estate market. It appears that the US is on course to swing back toward an urban-focused metropolitan area instead of suburbs, as has been the norm for the past 60 years. Today's most expensive housing is located in city centers and inner suburbs where there is easy transit/pedestrian mobility and access to mixed use construction. This trend has no doubt been accelerated by the housing collapse earlier in the decade, and hopefully this rediscovered style of living stays, as it offers less dependence on vehicle ownership and a greater and closer sense of community for residents not hidden behind picket fences.