Archives For Roxana Baiceanu

More than 2.5 million wealthy people in the US currently own homes that are worth $1 million or above, our data shows. The number comes close to the entire population of Jamaica and is about 10 times more the number of property millionaires in the UK!

California is #1 State

Judging from the number of homes currently valued at $1 million and over, California and New York boast the biggest number of property millionaires in the US. There are currently around 800,000 multimillion-dollar properties in California, which means that the state has been attracting almost one third of the number of millionaires nationwide. This is also twice the number of property millionaires living in New York.

Check out the map below for the top 10 US states by number of millionaires:

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If you think it’s hard to find a home in Manhattan due to the shortage in inventory, just imagine how pet-owners might feel. Many apartment buildings have gotten more strict about their pet policies, making it increasingly difficult for owners of pets of a certain size, breed and, of course, number to find a welcoming home.

In case you’ve been out and about Manhattan for a while now, trying to find an apartment for you and your pet, this post may help you decide where to start your search.

Our analysts have looked at listing descriptions and city property records and compiled lists with top-10 neighborhoods, streets and buildings where you can find a place that allows pets.

So, where exactly can you start?

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For those looking to buy a home in Manhattan, the market seems to be currently sending some rather discouraging signals. The rapidly shrinking inventory has paired up with a jump in home prices, which buyers are now more reluctant to pay.

But don’t lose hope, call a contractor and equip yourself with a saw and drill, as there might be an alternative — homes in poor condition, a.k.a. “fixer-uppers,” or simply wrecks. And not just anywhere, but on the coveted Upper East Side! Point2Homes data, provided exclusively to Curbed NY, reveals that the majority of NYC homes for sale in this category are located on UES –14 in total.

According to an article in the New York Times, buyers’ interest in Manhattan homes that need repair work has grown considerably throughout 2012 and is expected to continue to do so. In case you’re wondering what the available inventory is right now, our analysts have crunched the numbers for you.

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What are those powerful words that can make a home-for-sale description more appealing in Canada? Our study indicates that much like their US fellow professionals, Canadian real estate agents place a lot of importance on “hardwood floors,” but location seems to be a factor of more importance than in the US.

A while back we published a study in which we revealed the most popular keywords US agents use to list homes. So when our Canadian readers asked us if we could expand the study to cover the Canadian real estate marketplace, we started to mine Point2Homes’ homes for sale in Canada and put together some lists, which were exclusively featured in The National Post.

Now it’s time to show you here, on our blog, what the most frequently used words for advertising homes for sale in Canada are.

Mapping the most popular listing keywords in Canada

After scanning approximately 40,000 listings which were active between January and June 2012, we found that the top 3 words were “hardwood floors” “beautiful,” and “stainless steel appliances.” Except for the difference in ranking, this perfectly matches to the top-3 words used in the US! “Private” and “spacious” are two other common words found in the top-10 lists for both countries.

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We may like our homeland, but if we had the means, few of us would say “no thanks” to owning a vacation home abroad. Most of us don’t get tempted by just any home in just any country, so Point2Homes has looked for you at properties for sale in one of the most dreamed-of tourist destination in The Caribbean — the island of Barbados.

We were a little surprised to find that many Barbados homes are listed for median prices close to $2 million.

Point2Homes data shows that these are spread over more than half of the island. Just to make a quick comparison, in 2012 homes in the Hamptons, another preferred destination for Americans (New Yorkers in particular) looking for a second home, sold for median prices lower than $1 million.

What does “pricey” really mean in Barbados?

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If you travel often, either for business or pleasure, you might have caught yourself dreaming at least once about moving permanently to one of the places you’ve stayed in. Some might actually see this dream come true, but if you like one of the more expensive cities for travelers, it might be helpful to know that in some of them average home prices are around $1,000 per square foot.

The Economist’s Intelligence Unit (via CNN) has recently released a list of the world’s 10 most expensive cities for travelers and employees based on the cost of several essential everyday items. According to their findings, Tokyo is the most expensive city in the world. But when travelers think about becoming residents of any of these cities, it’s important to know how much they should expect to pay for a home in these cities compared to the average local earnings.

Point2Homes analysts took a look at the same cities from the home buyer’s perspective and got completely different rankings, almost opposite in some cases*. Here’s a sneak-peak: Caracas, #9 in CNN’s rankings, tops the list while Tokyo moves down 4 places.

And this is how our top 10 looks at a glance, next to CNN’s:

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McDonald’s popular meal may provide real estate professionals with some food . . . for thought.

Tracking the price variation of the iconic Big Mac across the globe may reveal that what several foreign real estate investors currently pay for a home in the US in their local currency is many times different than what it should cost them. We’ve compared 2013 to 2006 and the differences may surprise you!

Burgernomics and The Big Mac Index

The Big Mac index was introduced by The Economist in 1986 in order to show the volatility of currencies across the globe and, in turn, the (in)stability of national economies.

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A Study on 300,000 Listings Reveals What Words US Agents Use the Most

“Your dream home,” “gleaming hardwood floors,” “soaking tub” or maybe “Sub Zero” and “wall of windows”— are you using the most powerful word combination to make your property stand out?

Our analysis shows that the “tried and tested” phrases like “beautiful,” “spacious” or “must-see” are still commonly used by US agents nationwide when advertising their listings. Nevertheless, judging by how high they ranked in our list of the most frequently used real estate listing words in 2012, certain keywords referring to desirable home attributes or upgrades seem to carry a special weight with people who look for a home.

Do you already have a special, ka-ching! combination of words for advertising a home? If you’re still looking to develop one, the findings below might prove to be just what you need.

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facebook for real estate agents

Facebook Reveals What Canadian Real Estate Agents Are Into

According to Facebook’s search engine Graph Search almost 100,000 Canadian real estate agents may like US political figures more than they like their own. The president of the United States, Barack Obama, won more Facebook “likes” from Canadian agents than any Canadian politician.

A few days ago we published a cool infographic in which we showed what US real estate agents are into on Facebook — in short, The Facebook Profile of a Real Estate Agent. But now, at your suggestion, we would like to show you how the Canadian version of the infographic would look.

So, with no further ado, here are the results for all 12 categories. What likes do you share from this list?

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The new Graph Search (Beta) from Facebook can be used to put together social profiles for most professions. We’ve tested it on more than 1,000,000 real estate agents active on Facebook and created a nifty (and gender-mindful) infographic with the real estate agents’ top-12 likes and interests.

Read below for some fun insights into which politicians real estate agents like the most, what they like to drive, the books and magazines they like to read, and much more!

Tell us, how close does this come to YOUR Facebook profile?

Top 5 Political Figures

Both male and female agents like Mitt Romney the most. Barack Obama is down to #4 in female agents’ preferences.

Men like Mitt Romney, Barack Obama, Paul Ryan, Sarah Palin and Ron Paul
Women like Mitt Romney, Sarah Palin, Paul Ryan, Barack Obama, and Ron Paul Continue Reading…