Home Values Performed 42 Percent Better When Located Near Public Transportation during Last Recession

Location, location, location near public transportation may be the new real-estate mantra according to a new study released today by the American Public Transportation Association (APTA) and the National Association of Realtors® (NAR). Data in the study reveals that during the last recession, residential property values performed 42 (41.6) percent better on average if they were located near public transportation with high-frequency service.

The Spokane Transit Authority (STA) will be hosting an open house to solicit public feedback on improving the major transit corridors. That will be held on Wednesday, April 10 from 4:30 to 7pm at the Lincoln Center [map], which is just a short walk from bus route 24.

More info on the STA open house and the results of the recent corridor advisory panel (CAP) will be posted here in the coming week.