Oil prices fuel flight from suburbs

07/10/2008 | NYTimes.com

High fuel prices may accomplish what years of policy debate could not: Convincing many Americans to abandon sprawling suburbs for denser, transit-oriented communities. Distant suburbs are suffering from high foreclosure rates, while prices in city centers and in-fill developments are holding up better. Developers are abandoning their suburban development tracts as surveys show almost 80% of home buyers say higher fuel prices make them more desirous of city living.

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