City's walkability drives real estate values as reported by Diana Olick of NBC News. The new generation who are environmentally conscious are the ones that likes car sharing, bike riding, improved rapid transit and teleworking. These new generation are called the millenials, which are also know as millenial generation or generation Y. Researches and commentators use birth years ranging from the early 1980s to the early 2000s.
This generation likes the grocery, shops, restaurants, offices and other amenities to be walking distance to where they live. Walkability also drives real estate recovery. Values of homes have also increased much higher and faster in these neighborhoods.
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