- In a census of 26 o the 50 biggest metropolitan areas, residential construction in cities has doubled since 2000.
- This trend takes the most effect in areas with the strongest land-use and smart-growth policies. However, even areas with weak policies in these areas, such as L.A. and Chicago, are seeing this level of revitalization.
- The federal government is encouraging urban revitalization through the Sustainable Communities Planning Grant program, which offers a total of $100 million for sustainable redevelopment.
- This shift appears to be at least partially demographic - baby boomers and young adults tend to prefer livable and walkable communities that are found in cities.
I'm curious to hear from locals on this national trend - to our realtors, have you seen this trend, and what do you think?