This shouldn't be news, but it's worth repeating

From the new report from CEOs for Cities on how "the gas price spike popped the housing bubble":

The new landscape of housing prices and high fuel costs has important implications for public policy.  Cities that offer attractive urban living opportunities in close-in neighborhoods, enabling people to drive shorter distances and make convenient use of alternatives to car travel, are likely to be more affordable and economically successful than places that continue to follow sprawling development patterns.

Something to keep well in mind as we commence to plan.