Commute? No Thanks

Suburban properties are dropping in value at a much higher rate than urban pads. In a buyers' market, it turns out buyers don't want to be out in the sticks! The old adage "drive until you qualify" is facing modification as consumers realize that commuting brings its own costs, in money (e.g. gas) as well as time. Thus the new formula: "The longer the commute, the steeper the drop in prices." The good news is for urban centers, which are continuing to see their property values rise. Listen to the story here.