Driven to the brink
A new study finds that the value of suburban homes is dropping fast, while urban home values are appreciating. One reason is because it’s such a long, expensive drive to work from the suburbs. The group CEOs for Cities, which advocates for revitalizing our core urban areas, just released a white paper that links plummeting suburban home values to the spike in gasoline prices. That, in turn, has made investment in a home in the city more attractive, the study says.

