Falling Gas Prices Makes Suburban Living More Valuable

December 19, 2014

According to the Washington Post, the recent drop in gas prices means that those living in suburban neighborhoods outside of large metropolitan areas are seeing a rise in the value of their homes.

 

Gas prices have been consistently falling for several weeks and in 2015 the Energy Information Administration expects U.S. households to spend less on gas and motor oil than they have in the last 11 years. As a result of declining gas prices, the demand for homes in suburbs is expected to increase and could possibly shift home values by several thousand dollars.

 

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