Sounds kind of strange doesn’t it? But if you really think about it the impact of high oil prices when it comes to heating a home in the dead of winter in the northern states, then maybe its not so strange. Heating oils are projected to rise in cost this winter in the neighborhood of 25 percent. If this turns out to be a cold winter for our neighbors to the north and they have huge heating costs, then they may rethink where they want to live. High heating costs will drive up the prices of just about everything in a cold winter.
The so called weather experts are predicting a mild winter, but they also though Florida would fall victim to a record number of hurricanes over the last two years. We all know how that worked out. Hopefully oil prices will fall and we won’t have to worry about this scenario, but if they don’t look out for a new type of buyer in the South Florida real estate market.
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