Wednesday, May 18, 2011

Sprawl collapse continues...

Real Estate Journal Online » Blog Archive » Gas Prices, Commute Times Top the List of Considerations for Home Buyers: "According to a Coldwell Banker survey, more homebuyers than ever are hoping to avoid road rage – and, more importantly, pain at the pump – by buying houses that are close to where they work or investing in a property with enough room for a home office to eliminate the commute all together[1]. Not only are gas prices, which recently hit $4.00 or more a gallon across the country, a huge concern for people buying homes, but they are also making current homeowners look twice at their current living situation. 93 percent of the people surveyed said that they would choose to live somewhere that allows for a closer commute to work if gas prices continue to rise, while 75 percent of real estate professionals reported that the recent spike in gas prices is already influencing where people choose to live."

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