23 May '11, 1pm

High Gas Prices Influence 75% of New Home Buyers: The price of gas is changing the way people drive, and also t...

High Gas Prices Influence 75% of New Home Buyers: The price of gas is changing the way people drive, and also t...

The price of gas is changing the way people drive , and also the way the choose their homes, if the results of a survey by Coldwell Banker are to be believed … and since I love numbers that back up my stories , I’ve decided to believe them! In the interest of “professional journalism” (that’s right – I’m a professional journalist) (Since when? -Ed.) here are some of the numbers I’ve decided to believe: 77% of the real estate professionals polled said that the recent surge in US gas prices has already begun to influence their clients’ choices home-buying decisions, with up to 45% of their clients moving into homes that are closer to shops and services specifically because of rising fuel costs. Remarkably, this fuel-fuelled decision making is limited to the realtors’ clients: nearly-unanimous 93% of the realtors polled said that if gas prices continue to rise (as many believ...

Full article: http://gas2.org/2011/05/23/high-gas-prices-influence-75-o...

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