Map Housing & Transportation Costs for Your Area

By
Real Estate Agent with Gentry Realty

housing affordability

It's the modern home buyer quandry:

Do I want to pay more for the home to live closer work/school?

or

Do I want to pay less to live further away?

Lately I'm performing the following searches:

  • Homes close to work/school (usually re-sale)
  • Homes further away at bargain value pricing (often new homes)
  • We look at each and calculate cost and time savings vs. expenses and time lost.

Each buyer is different- some will want to buy as much house as possible while others want less time on the road.

Wouldn't it be great to see a visual representation of home affordability vs. transportation costs?

The Center for Neighborhood Technology thinks so.

They've developed the Housing + Transportation Affordability Index.

This allows you to see each component separately or together.

Give it a try. 

-------

Chuck Willman is a real estate agent and founder of USAvest... a nationwide network of investment mined individuals with and interest in real estate. 

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Topic:
ActiveRain Community
Groups:
Gadgets, Tools, & Extras
Investing in Real Estate
Real Estate Technology
Tech Corner
Web 2.0
Tags:
housing
transportation
investing

Comments 17 New Comment

Rainmaker
247,931
Chuck Willman
Realtor - Arizona - 480.292.0600
Gentry Realty
Bob & Carolin- thanks for popping by... did you notice the correlation (in our valley) between living closer to major transit routes and affordability?
April 29, 2008 01:04 AM
Rainmaker
259,524
Mara Hawks
Inactive-2012 REALTOR - Homes for Sale Auburn Real Estate, AL
First Realty Auburn
This is a wonderful tool. I tried it out for my area, but "no data available" :-(. I guess tool-less is being better than tooth-less in Alabama hahaha :-)  You share so much info and it is appreciated!
April 29, 2008 07:37 AM
Rainmaker
247,931
Chuck Willman
Realtor - Arizona - 480.292.0600
Gentry Realty
Mara- you're so funny. :-)
April 29, 2008 11:39 AM
Rainmaker
144,336
Gilbert Arizona Real Estate - REALTOR® Candace Robinson Broker Associate
Red Hawk Realty & Property Management
Red Hawk Realty & Property Management
Chuck - I actually did commute to Phoenix Sky Harbor for many years from the east valley and it's so not my bag! However with that said, I like the dollar per square foot that the far east valley offers on homes. I am thinking if I can stay pretty mobile with a decent mobile office, I can take advantage of some of the great deals out east! But that drive.....oh let me think about this again. Nice tool you have shared.  Nice Gold Star my friend!
April 30, 2008 02:07 AM
Rainer
122,017
Christy Powers
Pooler, Savannah Real Estate Agent
Keller Williams Coastal Area Partners
I think the higher the gas gets, the more it will seem like the better deal to live closer! Especially if they figure out how much money they'll be saving in gas! 
April 30, 2008 08:34 AM
Rainmaker
247,931

Chuck Willman

Realtor - Arizona - 480.292.0600
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