26 Oct '11, 12pm

Geography of housing recovery favors cities and walkable neighborhoods

Geography of housing recovery favors cities and walkable neighborhoods

The map just above shows the degree to which twelve jurisdictions in the Washington, DC metropolitan area have experienced a housing recovery. In particular, the percentages reflect how the August 2011 average home sales price in each city or county compares to the average sales price experienced in each at the peak of the region’s housing market, in November 2005. The numbers, which were published in The Washington Post earlier this month, are based on research by the George Mason University Center for Regional Analysis. While no part of the region has fully recovered, the degree to which they have rebounded varies significantly from one jurisdiction to another. Kimberly Lankford, a freelance writer on assignment for the Post , noted in the story that “in general, the farther you travel from downtown Washington, the slower the recovery has been.” Indeed. The strongest rec...

Full article: http://switchboard.nrdc.org/blogs/kbenfield/geography_of_...

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