Today's WSJ reports that some realtors are leading bike tours around to show houses. This is a good way to show off some of the features of the neighborhood as well as show several houses to multiple people.
I'd like to think of it that way, rather than a sign of desperation in the housing market ;)
One of the things it illustrates is that access to bike paths is something you want to show off. All those NIMBY people who slow down bike path construction turn out to be wrong -- it doesn't lower property values.
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