The Impact of Public Transportation on Real Estate Values
Channel: eesionline
Date: 2013-03-22

Learn more and download slides at : http://www.eesi.org/032113_transitrealestate
Table of contents: http://youtu.be/kdx3jq7rwwQ?t=15s

The Environmental and Energy Study Institute (EESI), the American Public Transportation Association (APTA), and the National Association of Realtors (NAR) held a briefing on the resiliency of residential real estate values located in areas well-connected by public transportation. 

Speakers for this forum were:

Michael Melaniphy, President and CEO, American Public Transportation Association
http://youtu.be/kdx3jq7rwwQ?t=2m26s

Jed Smith, Senior Economist, National Association of Realtors
http://youtu.be/kdx3jq7rwwQ?t=15m46s

Sarah Kline, Policy Director, Reconnecting America
http://youtu.be/kdx3jq7rwwQ?t=23m18s

Although the recent economic crisis had a negative effect on housing prices around the country, property values with good access to public transit remained much closer to their pre-recession levels than properties without access, even within the same city. A new report commissioned by APTA and NAR investigates the relationship between residential real estate and public transportation in five U.S. metropolitan regions. The study, The New Real Estate Mantra: Location Near Public Transportation, was released on March 21.

The briefing, held in conjunction with the release of the report, explored its findings and their potential implications for urban development and transportation policy. The report examined real estate values from 2006 and 2011 in Boston, Phoenix, Chicago, San Francisco, and Minneapolis-St. Paul. Across these regions, residential properties within a half mile of a transit station far outperformed the region as a whole.