07 May 2009

Car Culture Decline

Although the decline in driving mileage is anticipated to rise again this summer, there are signs that people are choosing cities that have transit options:

Between October 2004, when gas prices first hit two dollars a gallon, and December 2008, when they fell below this threshold, three cities with among the largest declines in housing prices were Las Vegas (-37 percent), Detroit (-34 percent), and Phoenix (-15 percent), each highly car-dependent cities. Conversely, the two markets with the largest gains in housing prices were Portland, Oregon (+19 percent), and Seattle (+18 percent), communities that are more friendly to alternate modes of transportation.

1 comment:

Randy Simes said...

Great article, thanks for sharing.