Monday, April 21, 2008

Selling a house?

Home Prices Drop Most in Areas with Long Commutes

NPR aired an interesting story describing the way that the suburbs are being effected more by the housing downturn. I own a townhome that is less than 3 miles from downtown so I am feeling a little luckier about my location, especially since I plan to put it on the market at the end of 2008 so that I can move in with my significant other.

When I bought it in 2006 I knew that it was not going to be somewhere that I would live for many years but then again I did not see the downturn coming and how it would eventually effect my ability to sell it when I wanted to.

Hopefully, its proximity to downtown will be a plus.

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