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Mid-day Update

Study says Americans prefer walkable neighborhoods

David Brancaccio and Stacey Vanek Smith May 29, 2012
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A man walks by a McSorley's bar in the East Village of New York City.
Spencer Platt/Getty Images

CORRECTION: The original text with this interview misstated how much people are willing to pay to live in a “walkable” neighborhood. It is as much as $1,200 more a month.  The text has been corrected.

New research from the Brookings Institution says Americans will pay up to $1,200 more in rent every month to live in a “walkable” neighborhood — say, a place near their dry cleaners or grocery store or favorite restaurant. Christopher Leinberger of the Brookings Institution was a co-author of the report and he spoke with us about the new urbanized suburb and the rise in singles home buyers.

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