Many homebuyers are showing an increased interest in urban living sparked by the high cost of gasoline, according to a new Coldwell Banker survey. Nearly all (96 percent) of the 903 sales associates surveyed said their clients are concerned about rising gas and oil prices, and 78 percent said fuel costs have rekindled an interest in city living, especially in downtown areas.
Concerns about long commute times and other transportation worries are helping drive this trend, the study finds.
- 81 percent said clients wanted to reduce their work commute
- 75 percent said clients wanted to be able to walk to more places
- 54 percent said clients wanted better access to public transportation
The associates surveyed also reported that 84 percent of clients expressed an interest in properties with a home office, and 64 percent said their clients look for “green” amenities to save on HVAC and electricity expenses.