Thursday, May 12, 2011

Sprawl collapse continues

Fuel Prices Shift Math for Life in Far Suburbs - "In Denver, housing prices in the urban core rose steadily from 2003 until late last year compared with previous years, before dipping nearly 5 percent in the last three months of last year, according to But house prices in the suburbs began falling earlier, in the middle of 2006, and then accelerated, dropping by 7 percent during the last three months of the year from a year earlier."

TheSpec - Walkability and the new urbanism: "car dependence is taking a big chunk out of household budgets. Leinberger says the average suburban American family is spending 25 per cent of its income on its cars. Dropping one car can increase a household’s mortgage-carrying capacity by more than $100,000, he says."