"If you live close to a transit station, chances are you’ve weathered the recession better than your friends who don’t," says Snyder. "Your transportation costs are probably lower, since you can take transit instead of driving. Transit-served areas are usually more walkable and bikeable too, multiplying your options. And while home values plummeted during a recession that was triggered by a massive housing bubble, your home probably held its value relatively well – if you live near transit."

"For the report, 'The New Real Estate Mantra: Location Near Public Transportation' [PDF], CNT looked at five metro regions — Boston, Chicago, Minneapolis-St. Paul, Phoenix, and San Francisco," and found: