Amid the doom and gloom hype by the media right now, all across the country there is a quiet real estate phenomenon going unnoticed. Neighborhoods close to dynamic city centers are maintaining their home values. There are a couple of reasons that having a home in an area close to the city center preserves your equity.

First, rising gasoline prices have made commuting more expensive. Second, the cookie cutter look of many outer suburban or exurb developments doesn’t call out to the soul. Third, commuting is a huge time expense for most people, so anything that can save us time, we value. Fourth, arts, theater, music, food, restaurants and the like attract people to close in suburbs.

 The bottom line is– location, location,location– which has and will always be the case when it comes to real estate.