On The House: SEPTA Rail Lines Boost Suburban Home Prices, Study Finds

SEPTA logo with text

SEPTA logo with text (Photo credit: Wikipedia)

Transit-oriented development is not new, especially to older metropolitan areas such as Philadelphia.

Whether in anticipation of the arrival of public transit or in its wake, homes and commercial enterprises have sprung up near rail stations, trolley stops, and subway entrances since 1858, with the advent of horse-car service on Fifth and Sixth Streets between Southwark and Kensington.

The first steam train began running from Philadelphia to Germantown in 1832, igniting a mass-transit boom that would dictate how and where the region would grow.

As rickety as public transit sometimes seems, this region still has an infrastructure that cities such as Los Angeles; Portland, Ore.; and Atlanta have spent billions trying to replicate to ease their dependence on the automobile.

Read more at http://www.philly.com/philly/classifieds/real_estate/20131110_On_the_House__SEPTA_rail_lines_boost_suburban_home_prices__study_finds.html#dQrjgA3E9CWrv1xb.99

5 Great Cities For Gen Y’ers

A map of Pittsburgh, Pennsylvania with its nei...

A map of Pittsburgh, Pennsylvania with its neighborhoods labeled. For use primarily in the list of Pittsburgh neighborhoods. (Photo credit: Wikipedia)

Editor’s note:  Pittsburgh made the short list!

BOSTON (MainStreet) — With mobile phones, mobile computingFoursquare and GPS, “Generation Y” seems like it’s always on the move — but where should its 20- and 30-something members be moving to?

Move Inc.(MOVE) , parent company of Realtor.com and other relocation-oriented Web sites, recently assessed dozens of U.S. cities for everything from nightlife to average apartment rents to find five great places for Gen Y’ers to live. Also called millennials because they’ve come of age since the year 2000, Gen Y’ers are young adults in their 20s and early to mid-30s.

“We’re finding that millennials look at buying homes differently than baby boomers do,” Move’s Julie Reynolds says. “Where baby boomers look at homes more as investments, millennials see housing as more of a lifestyle option. More millennials are living closer to where they work, closer to the central part of towns and focus on cultural activities and other things to do other than just work.”

So Move assessed cities for such things as parks, museums, professional sports teams and other recreational offerings.

Read more: http://business-news.thestreet.com/the-mercury/story/5-great-cities-for-gen-yers/11615700