Interesting but not shocking report: in five metro areas studied, home prices fared better when the homes were near transit. The five metro areas are Boston, Chicago, Minneapolis-St. Paul, Phoenix and San Francisco.
The study is above. It was done by the American Public Transportation Assn., a transit industry trade group, and the National Assn. of Realtors. My hunch is that living near a major transit line in Los Angeles also helps home values. Agree? Comment please.
Categories: Policy & Funding