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Are Gas Prices Affecting the Way People Purchase Properties?

Are gas prices making a difference in the way people are purchasing properties? People are starting to move closer to their work in the city to minimize the high cost of gasoline. Ridership on the Washington DC Metro has steadily increased over the last few weeks. Gas prices have increased over a $1.00 per gallon in the last year causing more people to move into the urban areas. People moved out of the cities in the past for lesser expensive homes. Will this turn around bring more life into the cities?

 

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8 commentsMichael Setunsky • June 20 2008 10:46AM