real estate values

How much more is a home worth if it’s near transit?

By Robbie Webber Is a home near transit really worth more? According to a Redfin study, the answer is, “Yes. And often it’s worth a lot more.” Real estate firm Redfin looked at 14 metro areas and compared homes that were otherwise similar except for their Transit Score. According to the

Highway and LRT nodes have similar impacts on home values

By Bill Holloway Both highway exits and light rail transit stations appear to generate similar impacts on single-family home values. Using a spatial hedonic model to analyze single-family home values in Phoenix, Arizona, researchers found that proximity to a transport node (LRT station or highway

Location, location, location: Financing transit with real estate assets

By Mary Ebeling The recent economic recession reduced available funding for every transportation mode. For transit, however, these funding reductions coincided with marked increases in ridership. This has pushed agencies to take a broad look at available funding options. Tapping agency-owned real

Four minutes less walking to DC Metro worth 30 percent more rent

By Robbie Webber How much is 1000 feet worth when walking to the office? If you are leasing office space in the Reston-Ballston Metro corridor in Arlington, Virginia, there is up to a 30 percent premium to being that much closer to the station. Many buildings claim to be “steps from Metro,”

Growing public interest in walkable communities, but public sector decision-makers still lag behind

By Bill Holloway Walkscore, the first website to offer easy-to-use walkability ratings for cities, neighborhoods, and individual properties now has some competition. Walkability, a rating system released this month targets private businesses, particularly those in the marketing, social

The New Real Estate Mantra: Location Near Public Transportation (APTA, National Association of Realtors & CNT, 2013)

This analysis investigates how well residential properties located in proximity to fixed-guideway transit have maintained their value as compared to residential properties without transit access between 2006 and 2011 in five regions: Boston, Chicago, Minneapolis-St. Paul, Phoenix, and San