Chitownproperty

In a recent survey conducted by Coldwell Banker, 78 percent of its agents reported that their clients have indicated more interest in living in the city instead of the suburbs because of higher energy costs.

The overwhelming reason for this change of heart is to reduce commuting costs, but a majority of those surveyed also cited the convenience of public transportation and being able to walk for services and entertainment. Another 84 percent of the agents said clients were looking for homes with a dedicated home office, so they could telecommute and work from home.

While this may mean more competition for buyers, increased interest in urban living is good news for homeowners in the city, as their homes’ proximity to business, services, and nightlife becomes more desirable.