A new analysis by Oregon economist Joe Cortright shows that high gas prices are not only implicated in the bursting of the housing bubble, but that the higher cost of commuting has already re-shaped the landscape of real estate value between cities and suburbs. Housing values are falling fastest in distant suburban and exurban neighborhoods where affordability depended directly on cheap gas.

Mr. Cortright will be speaking at the Lane County Moving Forward Together™ conference on June 11.

Read the press release below from CEOs for Cities, or read the full report.

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