Chart on housing prices against gas prices from the CEO’s for Cities report, Driven to the Brink (2001 recession shaded) If you look back over the last two weeks at what we’ve been pointing to in the news and circulating on the blog, there was a clear trend emerging: Rising gas prices and escalating transportation … Continued
To the old conventional wisdom for real estate, …you have been replaced: You may have already read about WalkScore when we covered it last year, or seen the widget in our sidebar here on the blog. (SGA office = Walk Score 100!) It’s been a good year for Matt Lerner and the other Seattle developers … Continued
Author James Howard Kunstler looks at the trends we’ve been discussing for the last week — home prices in suburbs with long commutes depreciating — as well as some that we haven’t talked much about, like escalating food prices and the debilitating effect that high fuel prices are having on airline and retail industries, and … Continued
American Public Radio’s Marketplace this morning featured a very brief snippet on Growing Cooler and how the economic downturn and rising energy costs have altered the dynamics of the housing market. As the similar story on NPR showed earlier this week, markets with short commutes or in close proximity to transit and the core of … Continued
Gov. Parris Glendening, left, and Gov. Christine Todd Whitman with their award from Partners for Livable Communities. The Partners for Livable Communities recognized former Governors Christine Todd Whitman and Parris Glendening a few weeks ago for their work in creating the Governors’ Institute on Community Design. The PLC presented them with a Bridge Builders award … Continued
High gas prices are squeezing the housing market on the fringes of metro regions. It can be scary to turn on CNBC or CNNMoney these days. Watch for just a minute or two, and you’re likely to hear that not only is the housing market in trouble, but we might not be able to see … Continued
Last week, we mentioned the release of a new tool from the Center for Neighborhood Technology that measures the true cost of housing affordability, by also considering the transportation costs of each area. (Note: the Washington Post had a good story about the index here.) A few other outlets have done their own local test … Continued
The situation: Bridges are falling down, traffic congestion is worsening, gains in fuel efficiency are reducing gas tax revenues, worthwhile transit projects are sitting on the shelf, and the Highway Trust Fund — funded by the 18.5 cents a gallon gas tax that is already inadequate for funding transportation investments — is about to run … Continued
It’s not just gas prices that make transportation expensive… Yesterday, The Center for Neighborhood Technology, an SGA coalition member, along with the Brookings Institution, released a new web-based tool to measure housing affordability — by also measuring the transportation costs inherent in a home’s location. Traditionally, affordability is measured at 30% or less of a … Continued
As you may have read this morning in numerous other outlets, New York City’s plan to implement congestion pricing in Manhattan was defeated last night without reaching a vote on the floor. [NYT] The plan would have charged most cars $8 and trucks $21 to enter traffic-choked Midtown and Lower Manhattan during busy hours on … Continued