The Unraveling of the Suburbs

Posted by Carol Coletta on July 28, 2008

Business Week teams with Zillow.com to confirm what Joe Cortright concluded in "Driven to the Brink" several months ago for CEOs for Cities.  "Annual price changes in most of the largest metro areas, including New York, Los Angeles, Chicago, Miami, San Francisco, Seattle, Baltimore, Washington D.C., and Philadelphia, followed a similar pattern: Values were most stable within a 10-mile radius of the center of the city, but generally worsened with each successive radius ring as far as 50 miles from the center of the city."