Fuel Economy – The Next Factor
July 7, 2008
Even if fuel prices would reverse tomorrow, they are not likely to decline to what they were even a year ago.
The buzz in the various Real Estate news communities is what I am calling the “Next Factor”. Real Estate forecasters, economist, analysts, and home builders are all talking about fuel efficiency and it’s impact on all aspects of our lives. These experts believe that fuel economy will be the next factor influencing decision making in terms of home buying. Buyers are going to be very conscious of where their home is located in terms of their work location, shopping and entertainment. Homes that are within walking distance of work may become more attractive than a home with more square footage, bedrooms or baths.
Fuel economy will also be a factor in the decision making process in terms of what a home offers the buyer. Buyers will no longer be looking for the spa-tub master bath but instead will be looking for homes with dual-pane windows.
Reno is a city that offers easy commutes, affordable housing and recreational opportunities abound. I believe the Biggest Little City in the World is the Best Little City for living in the “Next Factor” world.
Our housing market is priced right
Commuting in Reno is easy, with less commute time
