Home Buying Trends Adjust with Gas Prices
I think this is very interesting - I wonder what other trends we will see locally because of the gas prices. I know that green homes (especially interest in solar panels), working from home (I am doing it more these days), and more environmentally-friendly-while-being-financially-sound ideas are springing out of the woodwork because of the increase in gas prices. The Associated Press recently wrote about how home buying trends are adjusting to the prices as well:
By ADRIAN SAINZ (AP Business Writer)
In his hunt for a new home, Demetrius Stroud crunched the numbers to find out that, with gas prices climbing, moving near an Amtrak station is the best thing for his wallet.
Stroud was looking in Elk Grove., Calif. - about 85 miles away from his job in the San Francisco Bay Area - because homes there are more affordable. But with gas at $4.50 and a car that gets about 22 miles per gallon, Stroud would be pumping $560 a month into his tank.
So instead he made an offer on a home near the train station in Davis, which will shave $160 off his commuting costs.
(Read the rest of the article here).
You’re currently reading “Home Buying Trends Adjust with Gas Prices”, an entry on Averill Park NY Real Estate Information I try to cover community news, local businesses, area events, school reports, local real estate market statistics and homes currently for sale. I welcome interaction from all visitors. If there is something you think I should be covering and I have not please drop me a line at holli@holliboyd.com
- Published:
- 06.21.08 / 7am
- Category:
- Community Reports, General Info, Signs of the Times
- Tags:
- environment, gas prices
- Post Navigation:
- « Bathing-suit time is almost here!
Free Movies at Crossgates This Summer! »
