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Justin Fichelson On the US Real Estate Investment Trends for 2018


If you think ahead, strategic real estate purchasing is key to peace of mind for you and your family. If we map the economy dynamics now, Austin, Texas continues to grow as does Charlotte, North Carolina and many towns around the Bay Area including Vallejo ...


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How does the New York real estate market differ from San Francisco? Courtesy The real estate market is one of the most in-tune economic barometers; its transactions add up to nearly 15 percent of GPDAs globalization and digitization continue to disrupt established labor and business patterns, housing needs and investment opportunities evolve as wellIn certain go-to metro areas like Silicon Valley or Dallas Fort Worth, the workforce struggles with a housing impasseHistoric luxury property magnets like New York or Los Angeles are seeing a heated bidding war between domestic and international buyers, competing for investment. While regional hubs benefit from available housing to attract talent, there is a growing body of evidence to suggest a direct correlation between rising housing costs and stagnating job ratesThat’s a worrisome prospectIn better news, millennials are finally beginning to transition from renting to buying, rejuvenating upscale home salesBut that still raises a few questions, like is 2018 gearing up to be a good year to invest in real estate? If so, where should one look? What incongruities should buyers watch out for? To navigate a market fraught with mixed messages, we turn to Justin Fichelson, luxury real estate advisor and TV personality on Bravo’s Million Dollar Listing San Francisco, who’s built a thriving business on referrals and exclusive repeat clients. With markets rallying and prices rising, is it a good time to buy? Absolutely! The real estate markets in the major urban centers in the United States have increased dramatically; $300K in the mid-1980s in San Francisco could get you a house that’s worth over $5 million todayLong-term, real estate will only go up if you buy wisely in resilient markets connected to innovation-driven industriesFor example, the West Village in NYC saw townhouse values soar 150 times, within one generationIf you think ahead, strategic real estate purchasing is key to peace of mind for you and your familyIf we map the economy dynamics now, Austin, Texas continues to grow as does Charlotte, North Carolina and many towns around the Bay Area including Vallejo, Walnut Creek and Petaluma. gptadslots.push( { id: 'div-gpt-ad-1504728711207-0', slot: '/1008049/observer_article_instream_1', sizes: [ [ 300, 250 ] ], defaultSize: [ [ 300, 250 ] ] } ); How will price hikes affect real estate markets in 2018? The phenomenon of being priced out of a neighborhood is real, both for older longtime residents and people starting their professional lives in a new placeLook for areas where young people are moving nextFor example, San Francisco with its strict zoning laws has a highly coveted and extremely limited stockAs a result, people are moving to outlying areas within strong transportation networks which are being developed to accommodate such expansionPlaces like Vallejo and Richmond are attractive for those looking to flip a propertyOf course, there are always safe bets in historic neighborhoods like Pacific Heights or SoHo. How far will your money go in San Francisco? Rezaul Karim Is there a difference between clients based in New York versus San Francisco? Bay Area clients are mostly in tech-related industries, while NYC customers come from a far more diverse array of industries like finance, entertainment and fashion; they often originate from abroad, which makes senseThe American market is one of the most resilient due to being supported by perhaps the most diverse economy in the worldPeople are still looking to live the American dream! NYC clients also tend to have a more sophisticated eye, when it comes to the architecture and design of high-end new development projects. gptadslots.push( { id: 'div-gpt-ad-1504728258349-0', slot: '/1008049/observer_article_instream_2', sizes: [ [ 300, 250 ] ], defaultSize: [ [ 300, 250 ] ] } ); So, what does a million dollars buy in the USA? That depends on where you’re looking to exploreA million in San Francisco is a good one-bedroom or a mediocre two-bedroom apartmentIn NYC, that may be a one-bedroom in more accessible areas or a shoebox in the hot spotsIn Miami, that’s a spacious two-bedroom or a decent home away from the beachIn LA, a million-dollar property can range from a small single-family home to a tiny plot of dirt in a commercially lucrative areaIn most urban places, the pricing varies dramatically, depending on the neighborhood. You can buy a nice plot of dirt for $1 million in Los AngelesAbbie Bernet What questions should prospective buyers ask themselves? What are you trying to achieve with this purchase? Is it a family home or something convenient for a couple years with the goal of getting a larger space later? Realistically, how much are you comfortable spending and how will that alter your lifestyle? Then, think about who you are going to work with to accomplish thisFor example, a home in the trendy Cow Hollow area of San Francisco sold for a million over its asking price the day before it was to be brought on the market…the West Coast is gaining popularity as an international home-buying destination, so buyer competition is realIt’s all about knowing the right local experts and building a relationship with an agent you trust. gptadslots.push( { id: 'div-gpt-ad-1504728285432-0', slot: '/1008049/observer_article_instream_3', sizes: [ [ 300, 250 ] ], defaultSize: [ [ 300, 250 ] ] } ); If you were to retire now, where would you live and what would you do? I’d split my time between San Francisco, NYC and LondonI’m a San Francisco native, NYC is the center of the world, full stop, meanwhile, London has the perfect combination of urban beauty, world history and the geographic convenience of getting anywhere in Europe within a few hoursI’d probably increase my involvement with charitable causesI am a founding member of the Exploratorium Lab which raises money for the Exploratorium, one of the world’s premier interactive science museumsI believe that education, ultimately, is the key to success in any undertaking—including buying a home. Stephan Rabimov writes about emerging fashion marketsHe is also a Director of Fashion Journalism program at Academy of Art University in San Francisco. SEE ALSO: ‘Pretty Little Liars’ Showrunner IMarlene King Is Making Home Moves Must Reads Observer Politics Entertainment Lifestyle Arts Health Contact About Newsletters Privacy Terms Powered by WordPress.com VIP We noticed you're using an ad blocker. 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If so, where should one look? What incongruities should buyers watch out for?\r\n\r\nTo navigate a market fraught with mixed messages, we turn to Justin Fichelson, luxury real estate advisor and TV personality on Bravo\u2019s Million Dollar Listing San Francisco, who\u2019s built a thriving business on referrals and exclusive repeat clients.\r\n\r\nWith markets rallying and prices rising, is it a good time to buy?\r\n\r\n\r\nAbsolutely! The real estate markets in the major urban centers in the United States have increased dramatically; $300K in the mid-1980s in San Francisco could get you a house that\u2019s worth over $5 million todayLong-term, real estate will only go up if you buy wisely in resilient markets connected to innovation-driven industriesFor example, the West Village in NYC saw townhouse values soar 150 times, within one generationIf you think ahead, strategic real estate purchasing is key to peace of mind for you and your familyIf we map the economy dynamics now, Austin, Texas continues to grow as does Charlotte, North Carolina and many towns around the Bay Area including Vallejo, Walnut Creek and Petaluma.\r\n\r\nHow will price hikes affect real estate markets in 2018?\r\n\r\nThe phenomenon of being priced out of a neighborhood is real, both for older longtime residents and people starting their professional lives in a new placeLook for areas where young people are moving nextFor example, San Francisco with its strict zoning laws has a highly coveted and extremely limited stockAs a result, people are moving to outlying areas within strong transportation networks which are being developed to accommodate such expansionPlaces like Vallejo and Richmond are attractive for those looking to flip a propertyOf course, there are always safe bets in historic neighborhoods like Pacific Heights or SoHo.\r\n\r\n[caption id=\"attachment_1014868\" align=\"aligncenter\" width=\"635\"] How far will your money go in San Francisco?[\/caption]\r\n\r\nIs there a difference between clients based in New York versus San Francisco?\r\n\r\nBay Area clients are mostly in tech-related industries, while NYC customers come from a far more diverse array of industries like finance, entertainment and fashion; they often originate from abroad, which makes senseThe American market is one of the most resilient due to being supported by perhaps the most diverse economy in the worldPeople are still looking to live the American dream! NYC clients also tend to have a more sophisticated eye, when it comes to the architecture and design of high-end new development projects.\r\n\r\nSo, what does a million dollars buy in the USA?\r\n\r\nThat depends on where you\u2019re looking to exploreA million in San Francisco is a good one-bedroom or a mediocre two-bedroom apartmentIn NYC, that may be a one-bedroom in more accessible areas or a shoebox in the hot spotsIn Miami, that\u2019s a spacious two-bedroom or a decent home away from the beachIn LA, a million-dollar property can range from a small single-family home to a tiny plot of dirt in a commercially lucrative areaIn most urban places, the pricing varies dramatically, depending on the neighborhood.\r\n\r\n[caption id=\"attachment_1014876\" align=\"aligncenter\" width=\"635\"] You can buy a nice plot of dirt for $1 million in Los Angeles.[\/caption]\r\n\r\nWhat questions should prospective buyers ask themselves?\r\n\r\nWhat are you trying to achieve with this purchase? Is it a family home or something convenient for a couple years with the goal of getting a larger space later? Realistically, how much are you comfortable spending and how will that alter your lifestyle? Then, think about who you are going to work with to accomplish thisFor example, a home in the trendy Cow Hollow area of San Francisco sold for a million over its asking price the day before it was to be brought on the market\u2026the West Coast is gaining popularity as an international home-buying destination, so buyer competition is realIt\u2019s all about knowing the right local experts and building a relationship with an agent you trust.\r\n\r\nIf you were to retire now, where would you live and what would you do? \r\n\r\nI\u2019d split my time between San Francisco, NYC and LondonI\u2019m a San Francisco native, NYC is the center of the world, full stop, meanwhile, London has the perfect combination of urban beauty, world history and the geographic convenience of getting anywhere in Europe within a few hoursI\u2019d probably increase my involvement with charitable causesI am a founding member of the Exploratorium Lab which raises money for the Exploratorium, one of the world\u2019s premier\u00a0interactive science museumsI believe that education, ultimately, is the key to success in any undertaking\u2014including buying a home.\r\n\r\nStephan Rabimov writes about emerging fashion marketsHe is also a Director of Fashion Journalism program at Academy of Art University in San Francisco.","post_title":"Justin Fichelson On the US Real Estate Investment Trends for 2018","post_excerpt":"The Million Dollar Listing San Francisco star shares some insight into the real estate market for the year to come.","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"justin-fichelson-on-the-us-real-estate-investment-trends-for-2018","to_ping":"","pinged":"","post_modified":"2017-12-01 08:00:44","post_modified_gmt":"2017-12-01 13:00:44","post_content_filtered":"","post_parent":0,"guid":"http:\/\/observer.com\/?p=1014837","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},"sonobi":""}; /* ]]> */ /* */ /* */ /* */ /* */ // _tkq = window._tkq || []; _stq = window._stq || []; _tkq.push(['storeContext', {'blog_id':'35584880','blog_tz':'-5','user_lang':'en','blog_lang':'en','user_id':'0'}]); _stq.push(['view', {'blog':'35584880','v':'wpcom','tz':'-5','user_id':'0','post':'1014837','subd':'nyoobserver'}]); function st_vt() {var x=document.createElement("img");x.src="http://pixel.wp.com/g.gif?blog=35584880&v=wpcomvt&tz=-5&user_id=0&post=1014837&subd=nyoobserver&rand="+Math.random();} _stq.push(['extra', {'crypt':'UE40eW5QN0p8M2Y/RE1BNmNJfGhxNCVxUDExYmtib2E/SzdEJm0lUEtbdFU0fFk4cHZvcUFrZT90Tn4yQm1+R3NyNTdhX19bakUtN0M3czczb0lDUzljfm9FWXpxUGZXLUZQSFlONnpjWTAzXy01Zm1NWGttcl9sQmwwY3VMPUY1S3kwVX42LmIxTDRKTmUsN3pqQTdLblJ6SnYvNl1oRH5VNG9jZWlHbXw1WFBYUllkdlRGWXUsUjc0ajliLS5yRkpRZnAucHdmS0QvYXBORVdPMUNmaDFIeUwsbUZ1aG1+eVs4MiZsUjdXaDAuaWVNQVJPTy5LSkdYZS9GUnIzajF+X2hdcn51fmh+aXIvci8='}]); _stq.push([ 'clickTrackerInit', '35584880', '1014837' ]); if ( 'object' === typeof wpcom_mobile_user_agent_info ) { wpcom_mobile_user_agent_info.init(); var mobileStatsQueryString = ""; if( false !== wpcom_mobile_user_agent_info.matchedPlatformName ) mobileStatsQueryString += "&x_" + 'mobile_platforms' + '=' + wpcom_mobile_user_agent_info.matchedPlatformName; if( false !== wpcom_mobile_user_agent_info.matchedUserAgentName ) mobileStatsQueryString += "&x_" + 'mobile_devices' + '=' + wpcom_mobile_user_agent_info.matchedUserAgentName; if( wpcom_mobile_user_agent_info.isIPad() ) mobileStatsQueryString += "&x_" + 'ipad_views' + '=' + 'views'; if( "" != mobileStatsQueryString ) { new Image().src = document.location.protocol + '//pixel.wp.com/g.gif?v=wpcom-no-pv' + mobileStatsQueryString + '&baba=' + Math.random(); } } var footerAds = []; var googletag = window.googletag;

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