Reuven Kahane Impact on Transportation and Commuting Patterns

Reuven Kahane09 Nov, 2024Business

Gas prices directly influence commuting costs for residents, especially for those who live in the suburbs or outside the core metropolitan area of New York City. If gas prices rise in 2024, it could make long-distance commuting by car more expensive. This shift could impact homebuyers’ preferences, with many opting to move closer to their workplace or near public transportation, like subway stations or commuter rail lines. The demand for homes in urban areas and neighborhoods with easy access to public transit could increase, potentially driving up real estate prices in such locations.