While there is greater awareness and feeling of accountability amongst buyers for being green, given the tough economic conditions being faced by most families, they are not really willing to shell out extra to buy a green feature.
The survey done by the magazine showed a dip in the number of real estate agents whose clients sought out green properties. Last year 33 percent of agents stated that clients had contacted them to purchase houses with green features, while this year only 15 percent of agents confirmed such queries from potential buyers.
Similarly, the number of agents confirming successful ‘green’ sales over a two year period fell from 36 percent last year to 23 percent this year.
Despite these declining trends, more than half of the real estate agents surveyed felt that the green building concept continues to be of relevance in a tough market, with home builders also trying to adopt green construction methods as a distinguishing factor.
It would seem that while the concept of green construction remains a talking point, it does not actually help close deals as potential buyers faced with hard choices look to find value for money.
Appraisal Source is a New York based residential real estate appraisal firm. Their Long Island home appraisal firm services Nassau and Suffolk County. In New York City, their firm provides independent residential real estate appraisals for Queens, Brooklyn and Manhattan.
Here’s the original article…Housing Crash Crushes Green Movement