A lagging housing market and rising fuel prices are adding to worries about the economy
April 18, 2011
The world is flat, the economy is global, and on any given day you're as likely to speak to a call center in
Ross, who is director of the
"The world is (made up of) regions and megaregions. Cities are economic drivers and megaregions connect cities," she explained.
Ross offered up
At its most basic core, the concept of megaregions is green: More people living in urban environments, making smarter use of limited resources. The housing market has begun to adopt a green platform, but the idea of megaregions goes far beyond green.
What do megaregions mean for the present and future of real estate?
"We have seen a willingness to look for housing that's more remote but with access to transit. Fifteen percent of the population listed transportation access as a major factor in deciding where to live when asked in 2000. That percentage will go up to 25 percent by 2020. You now have to weave mobility into housing and community designs," she explained.
"Mixed use, non-single family dwellings are becoming more attractive. Modern logistical needs and changing ideas about housing stock demand a closer working relationship between the infrastructure side and construction industry," she adds.
The future of real estate, guided by the principle of megaregions, could begin to take the shape of our daily social and economic interactions: diverse, multi-purpose and multi-cultural.
"We're moving to a world where you're going to have megaregions," said
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