economic stability

Transportation affordability key to housing market resilience

By Chris McCahill A new study looked at more than 300 metropolitan areas across the U.S. to understand which ones saw foreclosure rates drop the fastest during the economic recovery period between 2011 and 2014. The authors call this “housing market resilience.” It found that some of the most

Moving Off the Road: State-by-State Analysis of the National Decline in Driving (USPIRG, 2013)

The decline in both per capita and total VMT has been noted in many contexts, but some have doubted that the decline will last once the economy recovers. Is the end of the “driving boom” a lasting trend, or just a short dip? The fifty states plus the District of Columbia offer a

The Correlates of Housing Price Changes with Geography, Density, Design and Use: Evidence from Philadelphia (Congress for the New Urbanism, 2012)

University of Pennsylvania economist Kevin Gillen analyzes the stability of Philadelphia-area home prices from 2007-2012 as they correlate to walkable, urban neighborhoods versus exurban, auto-centered locales. In a reversal of trends from past recessions, the walkable, urban neighborhoods have