Americans Pushed to the Suburbs as City Prices Soar Out of Reach
- Competition for homes is heating up in car-dependent areas
- Redfin study shows slower price gains in walkable districts
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The suburbs are back.
For most of the past five years, homebuyers in the U.S. have flocked to vibrant sections of cities where they can walk to a grocery store, restaurants and shops. But new data from Redfin Corp. show that soaring home prices are starting to pump the brakes on that trend, because people simply can’t afford to live in places where they don’t need a car.