Industry News

The road to downtown real estate

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 1: 'Boomburb' and aerotropolis' and Part 2: Sports stadiums a boon to neighborhood living.) Heather Powell, a recent home buyer in Horsham, Pa., wanted to avoid lengthy commutes to work, congested city life and also live near her three horses that stay on a separate property. For these reasons, location was a top priority in her home search. Buyers like Powell haven't strayed far from the golden "location, location, location" mantra in real estate–it's the locations themselves that have changed and are changing. In the past, everyone wanted what Powell wanted: to be close enough to an urban core...