As oil prices rise, real estate agents should look for new sales opportunities. Goldman Sachs, the most active investment bank in energy markets, predicts oil will hit $200 per barrel in the near future. Oil prices affect everything from travel to food to overall consumer prices. The National Association of Realtors predicts homes with a closer proximity to businesses will likely be easier to sell because of the shorter commute. They also state that downtown areas are expected to continue to see steady sales, even as other markets continue to fall. Real estate agents should also focus on showcasing homes that are close to mass transit stations (bus and rail), as public transportation is gaining popularity.Work with real estate agents to promote homes, apartment complexes or condominiums with the following economical aspects:
• Homes close to retail business and restaurants for gas savings
• Homes close to employers for shorter commutes
• Homes close to public transportation
• Homes with new energy-saving features
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