Gas Prices Drive People To Buy Homes Closer To Work

A survey by Coldwell Banker of its realtors finds that gas prices are figuring big in the calculations made by new home buyers of where to live. 75% said the spike gas prices is influencing decisions made by their clients, pushing them to choose homes closer to where they work.

Interestingly, another part of the trend is folks who have decided to forgo the commute altogether and are more interested in accommodations for having their own home office. 68% of those surveyed said that gas prices played a role in pushing more people to work from home.

If you were going to move, would you choose a new place that’s closer to work so that you could save on gas?

Coldwell Banker Real Estate Survey Finds Spike in Gas Prices Is Impacting Where Home Buyers Choose to Live [Press Release]