May
23
2012

Radar Speed Signs And Home Prices

 

speed displays and walkabilityDo radar speed signs in your neighborhood help drive up the price of your home? Consider this. Several recent studies have directly linked home prices with a neighborhood’s “walkability” – that is, how easy it is for locals to stay on their daily schedule and get stuff done without having to get in their cars.

The Demand Institute – a think tank associated with the TV ratings company, Nielsen — recently issued a report on the housing recovery market that found home prices are finally beginning to increase…in select markets, that is. According to the report, one of the biggest determining factors of where this recovery is taking place has to do with the areas “walkability.” The more easily it is for kids to walk to their school and for homeowners to walk to the local grocery store or coffee shop, the more likely it is that home prices are beginning to climb in the area.

In another study reported on the Network blog Market Urbanism, researcher Emily Washington looked at home values and walk scores in 259 cities across the U.S. The correlation was clear. The more walkable the neighborhood, the more likely it is that housing prices are in recovery mode.

Safe Routes To School (SRTS), a national campaign that encourages school children to walk or ride their bikes to school, has been promoting walkability for years. And they do much more than simply talk about its benefits. Over the past several years the organization has been working with local school districts and regional governments to create or improve existing walkable school routes. Their efforts have included things like building sidewalks, clearing paths and managing traffic patterns. They’ve also, in many cases, helped erect traffic calming solutions aimed at slowing cars and increasing pedestrian safety. One of their most popular traffic calming solutions of choice is the use of radar speed signs to slow cars around school zones.

In the past few years, Information Display Company has worked with various SRTS chapters to help install SpeedCheck signs along school routes where speeding traffic is a concern. No sooner are the speed displays in operation than a change in traffic behavior is observed. Brake lights come on and cars slow down. The radar speed signs have played a critical role in making these school routes safer to walk.

And it doesn’t stop there. SpeedCheck radar speed signs are being used in hundreds of cities across the U.S. to slow traffic and increase safety. They have become an increasingly ubiquitous element in today’s most walkable cities.

So it’s not such a stretch to see how radar speed signs are connected to home prices and the market recovery. Radar speed signs help make neighborhoods more walkable. The more walkable an area is, the more likely it is to be on en economic rebound.

Curious about your own neighborhood? You can see how your area ranks in walkability at www. http://www.walkscore.com/. You can also check out the neighborhood’s ranking for bike-ability and transit-ability.

 

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