Does diversity mean faster home price increases?

It appears that the more diverse a neighborhood, the faster the real estate prices rise, according to Trulia, which took a look at the most diverse metropolitan areas and neighborhoods across the U.S., in anticipation of Thanksgiving, which many consider a celebration of American diversity. In diverse neighborhoods, the median price per square foot rose 1.9 percent, or $157, between October 2011 and 2012, while in non-diverse neighborhoods the same metric increased only 1.2 percent, [more]