Lets talk about trees for a moment, shall we? After all, I can think of no better way to celebrate Arbor Day than by praising the tree and its impact on real estate values.
Here's an article I just found talking about the efforts on the part of city leaders to increase the number of trees in their cities, calling them "green infrastructure". From a city perspective, more trees helps reduce energy usage by increasing shade, and help to counteract the emissions from vehicles. In fact, the City of Los Angeles has resolved to plant a million new trees (an ambitious goal, given the inhospitable environment).
One thing that city leaders have learned in the process of trying to plant all these trees is just how little room their cities have to accommodate the introduction of trees. Poorer areas are hit the worst, with almost no spare room and the least tree coverage. Wealthier areas, by contrast, have the highest amount of tree coverage.
So what do we take away from this? The inherent value of the tree-filled neighborhood. This is also true on a house-by-house basis, with many homes promoting their yards full of fruit trees as an amenity to attract buyers.
Something to think about this Arbor Day...
So why don't you get out there and plant a tree in your neighborhood? Happy Arbor Day.