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'The study looked at the 5O largest metropolitan regions in the United States from 1990 to 2007 and concluded that - in roughly half of the metropolitan areas examined, urban core communities dramatically increased their share of new residential building permits." This acceleration of residential construction in urban neighborhoods reflects a fun- damemaLshift in the real estate market. In fact, if core urban suburbs—that is, those closest tothe central city.----are included, more than half of a[[ residential permits in New York City, Chicago, and Los Angeles were in the urban core in 2007, the highest level in decades. Suburban town centers are demonstrating great market resilience. In the Washington, D.C., metro region, for instance, housing prices in places like Bethesda, Maryland, and the Ba llston.-to- Rosskm corridor in Arlington, Virginia, have remained stronger through the current recession than those in the outer suburbs, such as Loudoun and Prince William coumies.