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3 November 2017

Real Estate Roundup – November 3, 2017

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Get the insider’s angle on the industry’s latest happenings!

How California REALTORS® Fought Wildfires
Better Homes and Gardens Real Estate Wine Country Group took out ads in five local publications offering office space for recent wildfire victims to work or charge their electronics. They also recently collected more than 200 Halloween costumes that were given out this week to children whose families lost their homes. “The families may have nothing, but at least we could give their child a costume to enjoy one night,” says President Randy Coffman.

Beyond Haunted Houses and Urban Legends
According to a survey of Chinese-Americans by Better Homes and Gardens Real Estate and the Asian Real Estate Association of America, up to 79 percent of Chinese-Americans reported that they would be willing to pay more for a house if it was built to feng shui standards. Three-quarters reported that some inauspicious feng shui elements could be deal-breakers.

In Photos: America’s Largest Real Estate Development Takes Shape
Hudson Yards, a neighborhood currently under development on Manhattan’s West Side, is in the process of transforming from an industrial zone to an entirely new neighborhood. According to Hudson Yards CEO Jeff Blau, the project is the largest real estate development ever recorded in America. The project is slated to open March 15, 2019.

The 10 Top Emerging Trends That Will Shape Real Estate in 2018
In its annual predictive report, the Urban Land Institute predicts a relatively smooth ride for the immediate future of the real estate market. The 2018 Emerging Trends in Real Estate report, a joint project between ULI and PricewaterhouseCoopers researchers, compiles more than 800 individual interviews and 1,600 surveys from a diverse array of real estate, economic and development professionals. The consensus of real estate experts and analysts surveyed by ULI views a “sudden drop in altitude” is highly unlikely. Growth trends and an economic tailwind suggest an expansion of the current cycle amid larger structural shifts in real estate.

How Could Real Estate Better Prepare for Natural Disasters
The real estate community has stepped up in a major way to assist in the aftermath of recent natural disasters such as hurricanes and wildfires. The National Association of Realtors is considering developing a preparation and recovery resource for associations and members.

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