A recent NAR study reveals Americans favor walkable, mixeduse neighborhoods over those that require more driving. Such “Smart Growth” communities are characterized by shops,restaurants and local businesses in walking distance from homes.
According to NAR’s Community Preference Survey, nearly 80 percent of survey respondents look for neighborhoods with abundant sidewalks and other pedestrian-friendly features when searching for a home.
While space is important to home buyers, many are willing to sacrifice square footage for less driving. Eighty percent of respondents would prefer a single family detached home and a shorter commute, but if that isn’t an option, 60 percent of that group would chose a smaller home if it meant less driving.
Strolling around the neighborhood Is your neighborhood a walkable community? Interview REALTORS® in your area about buyer preferences related to Smart Growth concepts. Talk to local home owners about how important commuting time and proximity to work figured into their home search.