Where is the Market Taking Us?
"Taken as a whole, there is latent demand for urban living. At least that was the message from the session “Where is the Market Taking us?” Various surveys, like the National Association of Realtors survey from 2004 showed there is latent demand for downtown living versus single-use suburban environments. Or a more recent poll indicating fully one-quarter of Americans want to live within walking distance of a fixed-rail transit system, whereas less than 1% currently do. 77% of Gen Y wants to live in the urban core."