Monday, April 21, 2008

Could the housing slump represent good news for rural places?

A story on NPR this morning reported that, in the recent housing slump, houses in the suburbs and exurbs have fared worst in terms of loss of value. The values of homes in neighborhoods with short commutes and/or available public transportation have proven more stable. Analysts are seeing a halt in sprawl, previously believed to be inexorable: sprawl.

This is good news for families, the environment, and the preservation of rural places, though experts caution that it may prove temporary.

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