When the market was softer three or four years ago, some people were forced to build additions onto their homes or convert a basement, instead of moving to a larger home. Three or four years ago they were finding they could buy affordable properties in their own state or close to them. Gregory expects gasoline prices to impact the real estate industry in the coming year. She said that she's already noticed buyers putting more stock in a property's proximity to their place of employment. I think they'll probably want to be in closer to where they work.
Tax rates are usually a consideration when people buy a new home.
But Gregory advises buyers to take into consideration the public services provided by each town or city. Garbage collection, full-time police and fire departments, water, sewer and libraries are generally found in areas with higher tax rates. Yes, there's still room for improvement in the real estate industry. But Gregory said that the area is rapidly approaching seller's market status.