It looks like high gas prices are here to stay. How will that effect the housing market? In my opinion, it will force many buyers to look closer to their work for housing. This should make "inside the loop" properties become even more valuable because so many people are employed in or around downtown Atlanta. The suburbs could further suffer from slow sales and I expect the in-town properties on the market to recover much more quickly. Driving in Atlanta traffic is bad and showing no signs of easing any time soon. Cheap gas led to the growth of Cherokee, Paulding, Forsyth, Gwinett and surrounding counties. Bedroom communities in these counties have grown greatly over the years. Now, that trend could very well reverse. With the bargain properties available inside the loop, this may be a very good time to look for housing closer to your work.