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May 23, 2011 [Monday]
Buyers want shorter commutes, agents say
by Anthony McLeod
As gas prices rise, more homebuyers are asking for shorter commutes and home offices.
A new survey of Coldwell Banker agents found that 75% said their clients were considering gas prices in choosing where to live. Of those, 89% said buyers were looking for homes closer to work and 45% said buyers wanted homes closer to shops and services.
The increase in gas prices may be boosting a trend toward urban living, as more homebuyers and renters seek to live in central cities and reject far-flung suburbs.
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