Slower housing market, high gas prices could help preserve farms
MILWAUKEE (AP) - There might actually be a silver lining to high gas prices and a soft housing market.
Land-use experts and real estate agents say people have become wary about building new homes and commuting long distances.
That could mean a slowdown to suburban sprawl and preservation of Wisconsin farmland.
Steve Hiniker is the executive director of a land-use advocacy group. He thinks urban areas will see more growth, and farmland and natural areas will be left open.
Matt Moroney is the executive director of the Metropolitan Builders Association. He says he doesn't hear people worrying about high gas prices as much as the commute times. He think that might lead to a trend of homes built closer to cities than in far-flung suburbs.
He says the market is getting back to location, location, location.
Copyright 2008 by The Associated Press. All Rights Reserved.
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