Industry News

‘Boomburb’ and ‘aerotropolis’

Future-Proof: Navigate Threats, Seize Opportunities at ICNY 2018 | Jan 22-26 at the Marriott Marquis, Times Square, New York

"Location, location, location" is an age-old axiom in real estate. In this three-part series, we look at how the location factor in real estate is changing. While location is still significant when considering real estate values, in many cases the hot spots themselves have migrated to what used to be dilapidated, inner-city neighborhoods. Learn what other trends are developing. (See Part 2: Sports stadiums a boon to neighborhood living and Part 3: The road to downtown real estate.) Real estate professionals know the phrase well: Location, location, location. It was hotelier Conrad Hilton who uttered this famous statement more than 50 years ago about the keys to business success, and location is still a primary driver in real estate sales today. What is the best location these days for residential real estate? There are some general rules here, such as proximity to job centers and affordability. And there are short-term and long-term trends in real estate markets that are hot and ...