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LOCAL "PROXIMITY ASSETS" DRIVE AN INCREASE IN SALES...
LOCAL "PROXIMITY ASSETS" DRIVE AN INCREASE IN SALES....A Look At The Facts About The NEED For Proximity in today's real estate market...
A few months back the Wall Street Journal ran an article about the latest real estate trend for purchases of homes within walking distance to shops, groceries, drugstores and other places: Wall Street Journal Article: Home Buyers Look For Homes Within Walking Distance To Everything!
In that article it was noted that the most promising areas for a housing recovery are those areas within close proximity to the needs of the homeowner. It states the following: "A walkable neighborhood doesn't necessarily have to be in the city center. And it doesn't have to be more expensive".
Just what is an important "Proximity Asset"?... and what is the key to being the most sought after amenity when it comes time to look for a new home? Is it a practical asset i.e., a grocery, a bookstore..theater???
Here is a list of some of those amenities that home buyers are looking for when they shop for a home today:
COMMON PROXIMITY ASSETS:
Groceries in most residential areas Schools, public and private Shops including drugstores in most residential ares Movie theater is extraneous but an asset if nearby ... more

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