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Foreclosures That Are Too Far

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Suddenly, those foreclosures in far flung places don't seem so appealing, eh? This story was mentioned in linkage last night, but is worth a second look: "...buyers are increasingly factoring gasoline costs into their purchase decisions," Dan Griffith, a Rancho Cucamonga-based real estate agent, tells the Los Angeles Times. While the data actually shows that sales are up in foreclosure-heavy places like Riverside County, home hunters increasingly want to buy close to their offices because of gas prices, says experts. [LA Times]