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Buyers Want It All Within Walking Distance. . .
Factoid 1: 75 percent of families do not have any school-age children.
Factoid 2 : Christopher B. Leinberger, a Brookings Institution fellow, says up to 40 percent of Americans want to live in urban places where they can walk to restaurants, shop, jobs, and entertainment.
Source: Builder Magazine, Sharon O’Malley (03/01/2007) as reported in Daily Real Estate News, April 9, 2007
Conclusion: The next hot market will be homes in walkable, dense, mixed used, urban neighborhoods. New urbanism and the new traditional neighborhoods are poised perfectly to fill the coming demand for the real places that FEEL like home. TNDs (traditional neighborhood developments) are being founded all across American and indeed, the world, as more and more people come to crave the feel of an authentic place designed for people and not for cars.
To learn more about the Omaha area's first new traditional, walkable, mixed-use neighborhood, be sure to visit www.whatsnewonstatestreet.com. Register on the contact/info page www.whatsnewonstatestreet.com/info/contact.html to receive periodic updates and progress reports.
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I live in Birkdale Village near Charlotte, NC. It is truly a mixed use community with a retail village center, apartments above, town homes, single family houses, a gold course, movie theater, supermarkets, etc. We walk everywhere and love it. We are also next 400 acres of preserved land that is great for walking. Check out my blog about life in Birkdale: http://birkdalevillage.blogspot.com. America needs more of this type of development!
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