Industry News

Short commutes key to luring real estate buyers

Smart growth preferred over sprawl, survey finds

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A commute time of 45 minutes or less is a top priority in deciding where to live, according to a survey conducted for the National Association of Realtors and Smart Growth America, a coalition of 100 nonprofit organizations focused on metropolitan expansion and its impacts on the environment, quality of life and economic conditions. Easy freeway access and walkable communities are also important factors in deciding where to live, the study found. About 1,130 adults 18 and older participated in the survey, which was conducted from Aug. 26 to Sept. 6. The margin of error for the survey is plus or minus 3 percentage points. About 79 percent of respondents said that commute times of 45 minutes or less were somewhat important or very important factors in deciding where to live. About 75 percent said easy highway access was important, 72 percent said a walkable community is important, 65 percent said it is important to live in a community with people of all ages, 60 percent said it is impor...