Real estate figures show access to transit major factor for homebuyers

Date: Monday, April 25, 2016

New real estate figures show access to transit is increasingly becoming an asset for homebuyers. The Minneapolis Area Association of Realtors has studied the impact of the METRO Blue Line LRT on housing prices, and says more and more, people are considering transit when evaluating where they want to live.

“We regularly hear from our members who work with millennials and boomers alike that today’s buyers want the option to take transit to the airport, to entertainment, to work, to sporting events or even for an evening out with friends or family,” said David Arbit, Director of Research and Economics for the Minneapolis Area Association of Realtors. “Today’s buyers want the option to not own a car, or if they do own a car, the option not to use it every single day.”

Read more in Metropolitan Council News.

Posted In: Transportation