Rising Gas Prices Exacerbated Foreclosure Crisis, Researchers Find

Housing Bust Linked with Sprawl as Transportation Costs Increase in Suburbs

Spiking gas prices in recent years were likely a contributing factor to foreclosures in newly built outlying housing developments in the Bay Area, researchers say, suggesting that sprawl may be bad for the region’s economic stability. Photo by Tearsa Joy Hammock /…
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by: Dhyana Levey – July 3, 2012