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Bay Area Included in Study That Links Public Transit With Stable Property Values
the drop in average home sales prices was significantly smaller in neighborhoods within a half-mile of public transit lines than elsewhere in five U.S. metropolitan regions, according to the study released by the National Association of Realtors and the American Public Transportation Association. The Bay Area was one of the regions in the study, which found that property values near public transit lines here outperformed other local neighborhoods by 37 percent. During the recession, when all home values were down, values near San Francisco transit lines were 62 percent higher than those in the region as a whole. The region also included Alameda, Contra Costa, Marin, and San Mateo counties. Click here to read more (Photo courtesy of Uzvards, via Flickr.)Living near a public transit line can be a desirable perk in crowded cities, but a recent study revealed that it also helps keep home prices stable. During the last recession (2006 to 2011), Print this post