8 Surprising Predictors of Housing Prices

It’s no surprise that home buyers and owners like to know which way prices are heading. But when it comes to nailing the best deal in real estate, there are eight surprising indicators of change in home prices, according to realtor.com®. For instance, a study found that for every $1 decrease in gas prices, home prices increase by roughly $4,000 and the average time to sell a property decreases by 25 days. And it’s not just gas prices that are worth monitoring. Homes near a Trader Joe’s are worth 5 percent more than homes near a Whole Foods, according to RealtyTrac. Also, moving a residential housing unit one mile closer to a professional sports facility increases its value by $793. Other indicators include marijuana laws, casinos, temperature changes, trees on a street, and proximity to highways … read more —>  http://www.realtor.com/news/trends/

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