Study: People prefer walkable communities
Homebuyers now gravitate to smaller places with shorter commutes.
When my husband and I bought our first home, we finally came to the conclusion that as caffeine addicts, we needed to be within walking distance of a coffee shop.
That revelation crystallized what we were looking for, and we then almost instantly found a place that gave us a choice of a major chain with a green logo, a local place and the less ubiquitous smaller chain decorated in coffee-toned hues.
According to a new report by the National Association of Realtors, we are part of a growing movement that cares more about being close to shopping than having vaulted ceilings and a two-car garage.
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The Community Preference Survey also found that what a community offers is more important than the size of a home. Buyers were concerned with the quality of the neighborhood (88%) and schools (77%).
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Rebecca Roberts began her career as an online editor in 1996 with the launch of MSNBC and has worked as the managing editor of Netscape and senior editor of Yahoo! Real Estate. She's currently both a renter and a landlord.
About Teresa Mears
Teresa Mears is a veteran journalist who has been interested in houses since her father took her to tax auctions to carry the cash at age 10. A former editor of The Miami Herald's Home & Design section, she lives in South Florida where, in addition to writing about real estate, she publishes Miami on the Cheap to help her neighbors adjust to the loss of 60% of their property value.