Decline of the suburbs and exurbs?

Found via a post on the Flyertalk OMNI board:

04.28.08 | Chicago
Driven to the Brink
A new analysis shows that high gas prices are not only implicated in the bursting of the housing bubble, but that the higher cost of commuting has already re-shaped the landscape of real estate value between cities and suburbs. Housing values are falling fastest in distant suburban and exurban neighborhoods where affordability depended directly on cheap gas.
Read the press release here.
Download the full study here.

The full study is not super-long and is well worth a read.

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