The Impact of Waterfront Location on Residential Home Values

| March 27, 2018

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At Collateral Analytics we continuously work to improve our valuation models by incorporating new and better measures of those influences on value which, while exceptional in nature, create significant variation in valuation accuracy and levels.  Property condition, school quality, and waterfront proximity are among our recent research efforts.  Here we focus on water proximity, and those properties right on waterfront lots.  Historically, water frontage has had a strong and positive influence on location value but in recent years, with global climate warming and greater flood risks, the question arises whether such negative influences offset the positive.

Spotlight

Wilsey Realty LLC

I am very pleased to announce that Wilsey Realty, LLC, has joined Long & Foster Real Estate, the No. 1 family-owned residential real estate company in the United States. We are excited to become part of the Long & Foster family—one that is proud to bring more buyers and sellers together in the entire Mid-Atlantic region than any other firm.

OTHER ARTICLES

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The Future of Real Estate & Realtors

Article | February 21, 2020

It is where the AI (Artificial Intelligence) takes over days worth of a real estate agent's hard work and computes results in a second. We are moving at an unprecedented pace in technology and everything seems to be moving faster with time - Data capture, data analysis, home comparables, broker commission splits, transaction timeline and much more. As AI (Artificial Intelligence) and IOT (Internet of things) take over most of the work of Realtors, the biggest question that lies ahead is "What is the future of Real Estate & Realtors? Would AI replace real estate agents in the near future or will there still be an inert need of knowledgable professionals when people want to buy or sell their homes?"

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Article | February 21, 2020

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REAL ESTATE TECHNOLOGY

Is Commute Time Becoming a Housing Factor?

Article | February 21, 2020

While many workers plan, at least according to recent surveys, to continue spending at least part of each week working from home, a shorter commute still seems to be holding increasing appeal. The National Association of Home Builders (NAHB ) says its first quarter Home Building Geography Index (HBGI) indicates not only a pandemic driven shift in construction to low density, low cost markets, but a rapid expansion in areas with the shortest commutes. Litic Murali, writing in NAHB's Eye on Housing blog, says workplaces are moving toward hybrid home/office work models which could affect 30 to 40 percent of the American workforce. This will give renters and buyers increased market power over their travel times and the ability to reduce both housing and transportation costs. The nationwide average commute is 26 minutes. Those counties in the bottom quintile (lowest 20 percent) have a commute time of 18 minutes or less while the commute in the highest quintile is 28 minutes. The data show that 36.2 percent of the U.S. population resides in the counties in that top slice. The HBGI indicates that the top two quintiles with the longest commutes together had 63.6 percent of single family building. However, growth was strongest in that bottom quintile with a four-quarter moving average annual growth of 22.2 percent.

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Spotlight

Wilsey Realty LLC

I am very pleased to announce that Wilsey Realty, LLC, has joined Long & Foster Real Estate, the No. 1 family-owned residential real estate company in the United States. We are excited to become part of the Long & Foster family—one that is proud to bring more buyers and sellers together in the entire Mid-Atlantic region than any other firm.

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