According to the Wall Street Journal economics reporter Nick Timiraos, rising gas prices can affect a home’s value for better or worse.
He cites a study by the Climate and Energy Economics Project and the Brookings Institution that examined data on more than 930,000 home sales in Las Vegas between 1976 and 2010. The study found that houses in neighborhoods by the city center and around the highway tended to become more valuable as gas prices rose, while homes in further away did worse.
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