Gas prices impact home buying
June 6, 2008
Jim Olenbush from Austin Texas comments on his blog about the impact of high gas prices on home buying decisions. This (I am sure) will be the first of many posts on the subject as commute times drop due to $4.00 gas.
Location will be more and more of a factor in deciding which home to buy, which will have an impact on housing values.
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Real Estate Quote of the Week
"I often hear remarks from agents like, “the bank sold that house really cheap - 30% below market value”. I don’t agree with that kind of statement. If various banks are the only sellers selling in an area and they are selling all of their houses at a perceived “below market” sales price - perhaps that IS the market for that product in that area. A good price fixes any of the various bad conditions. There is no good reason to take (or keep) a listing that isn’t going to sell."
Russell Shaw - in AgentGenius from Phoenix AZPolls
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