By Rob Chrisman

Posted To: Pipeline Press

Tonight I head to Houston for a couple days, and the city certainly has its share of coffee houses. What if purchasing your next house near a Starbucks could be your best investment? According to an article published by the Huffington Post, since 1997 homes located near a Starbucks coffee shop have a much higher rate of appreciation than other homes (96% versus 65%). Do house hunters believe Starbucks signifies a neighborhood is urbanizing? Or a Starbucks translates into a safer neighborhood and more than half of home buyers want restaurants and cafes within a short distance of their home? Zillow opines that a neighborhood Starbucks isn’t the result of home appreciation, it causes them and the closer you live to one, the better. Richey May & Co is opening up the data collection phase of…(read more)

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Via:: Salary & Industry Condition Surveys; Report from the Capital Markets Conference – Barney Said What?

      

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Written by : Mortgage News Daily

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