Just a short time ago, we thought that paying over $3.00 a gallon for gas was too much. Now the average price across the US is over $4 per gallon and prices are still climbing. Rising fuel prices have become a topic of debate in the real estate industry and what impact they will have on the housing market. Aside from increased construction costs, other things that may be affected include resales of older homes, commute time, the type of communities being built and the level of service given to buyers (the days of driving around endlessly looking at homes may be over).
Here are some more articles on the subject from the blogosphere:
Feel free to add your own thoughts in the comments.
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