How Gas Prices Affect Chicagoland Real Estate

June 25, 2011

Gas sign that says ARM, LEG and First Born for prices.Even though gas prices have fallen slightly, they are still higher than we’d like. While most people might think the price hikes only hurt them at the pump, the reality is that expensive fuel creates a ripple effect in the economy. A recent post on the 

Equifax Personal Finance Blog shows how high prices affect everything from food costs to Chicagoland real estate.

How Rising Oil and Gas Prices Might Affect Your Portfolio” examines the link between gas prices and your investments. Financial advisor Roger Wohlner gives specifics on which investments are doing well and which are being impacted negatively. According to his assessment, major oil companies and funds or ETFs that have energy-related stocks seem to be doing just fine.

However, the housing market is not so cut and dry. For example, potential homebuyers may be more reluctant to invest in housing or upgrades when they are having to pay more for everyday essentials. Of course, depending on the situation, high gas prices may motivate some homeowners to relocate to an area that is closer to the workplace.

Either way, it is clear that gas prices are affecting people even after they leave the pump. To see more information from Roger Wohlner on this issue, visit the 

Equifax Personal Finance Blog. After you’ve read the article, let us know what you think! How are gas prices affecting your life?

About The Author

Read All Stories By Mitch Levinson

Mitch Levinson is the author of “Internet Marketing: The Key to Increased New Home Sales” published by BuilderBooks. He is an Internet marketing expert with expertise in search engine optimization, website development, email marketing, social media and CRM consulting services. He is known for creating effective programs that can be tracked through analytics to prove effectiveness and ROI. Mitch is founder and president of MLC New Home Marketing and MLC FlatFee Realty, as well as managing partner of mRELEVANCE, LLC, a Marketing, Communication, Interactive agency with offices in Chicago and Atlanta. He currently leads the Chicago team. A Multi-Million Dollar Sales Producer who earned an MBA in Computer Information Systems and eCommerce, he brings a unique perspective and experience to the field of real estate communications. Mitch combines the two interests in order to help home builders and developers gain a competitive advantage through the Internet and technology. When he isn’t behind a computer, he enjoys participating in sports and coaching his kids’ teams. Mitch resides in Arlington Heights, Ill., a northwest suburb of Chicago, with his family, which includes two rambunctious labs. Visit my Google+ profile.

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