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  • Giro Katsimbrakis Talks Redfin's List of Trending Neighborhoods

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    Giro Katsimbrakis
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    Technology-based real estate broker Redfin has published its yearly list of real estate neighborhoods to watch in the coming year. To arrive at the numbers, Redfin analyzed hundreds of millions site pages its users viewed and favorited in 2013 (as compared with 2012), and combined the resulting statistics with human experience and insight from over a dozen top real estate specialists across the country. The list can be found to the right. As one can see, the top ten cities can be found in states all over the US, from California to Washington DC, from Texas to Illinois, from Colorado and Nevada to Oregon and Washington, and even Georgia. While historically there’s been a correlation between popularity and factors such as quality of schools, abundance of scenic parks, and presence of fashionable restaurants, this past year’s report shows that people these days are increasingly looking, above all else, for a quick commute and a low price. All of the top neighborhoods have relatively lower prices and are either a short drive to the city or very close to a commuter railway. For example, #1-ranking Bernal Heights North Slope and #2-ranking Eagle Rock both boast a small town feel, even though they’re in the middle of San Francisco and Los Angeles, respectively. Meanwhile, Morningside-Lenox Park is the new alternative Atlanta neighborhood Virginia Highland, and Upper Chevy Chase is the new alternative to Georgetown and Capitol Hill. At the same time, this information is somewhat self-selecting. It’s all coming from the customers of one website, customers who might be predisposed to put convenience at a high priority. I recommending getting more than one opinion before drawing any conclusions, but Redfin certainly has a novel approach to generate real estate investment insights, and it’s worth paying attention to.

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    Technology-based real estate broker Redfin has published its yearly list of real estate neighborhoods to watch in the coming year. To arrive at the numbers, Redfin analyzed hundreds of millions site pages its users viewed and favorited in 2013 (as compared with 2012), and combined the resulting statistics with human experience and insight from over a dozen top real estate specialists across the country. The list can be found to the right. As one can see, the top ten cities can be found in states all over the US, from California to Washington DC, from Texas to Illinois, from Colorado and Nevada to Oregon and Washington, and even Georgia. While historically there’s been a correlation between popularity and factors such as quality of schools, abundance of scenic parks, and presence of fashionable restaurants, this past year’s report shows that people these days are increasingly looking, above all else, for a quick commute and a low price. All of the top neighborhoods have relatively lower prices and are either a short drive to the city or very close to a commuter railway. For example, #1-ranking Bernal Heights North Slope and #2-ranking Eagle Rock both boast a small town feel, even though they’re in the middle of San Francisco and Los Angeles, respectively. Meanwhile, Morningside-Lenox Park is the new alternative Atlanta neighborhood Virginia Highland, and Upper Chevy Chase is the new alternative to Georgetown and Capitol Hill. At the same time, this information is somewhat self-selecting. It’s all coming from the customers of one website, customers who might be predisposed to put convenience at a high priority. I recommending getting more than one opinion before drawing any conclusions, but Redfin certainly has a novel approach to generate real estate investment insights, and it’s worth paying attention to.

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    4 views1 page

    Giro Katsimbrakis Talks Redfin's List of Trending Neighborhoods

    Uploaded by

    Giro Katsimbrakis
    Technology-based real estate broker Redfin has published its yearly list of real estate neighborhoods to watch in the coming year. To arrive at the numbers, Redfin analyzed hundreds of millions site pages its users viewed and favorited in 2013 (as compared with 2012), and combined the resulting statistics with human experience and insight from over a dozen top real estate specialists across the country. The list can be found to the right. As one can see, the top ten cities can be found in states all over the US, from California to Washington DC, from Texas to Illinois, from Colorado and Nevada to Oregon and Washington, and even Georgia. While historically there’s been a correlation between popularity and factors such as quality of schools, abundance of scenic parks, and presence of fashionable restaurants, this past year’s report shows that people these days are increasingly looking, above all else, for a quick commute and a low price. All of the top neighborhoods have relatively lower prices and are either a short drive to the city or very close to a commuter railway. For example, #1-ranking Bernal Heights North Slope and #2-ranking Eagle Rock both boast a small town feel, even though they’re in the middle of San Francisco and Los Angeles, respectively. Meanwhile, Morningside-Lenox Park is the new alternative Atlanta neighborhood Virginia Highland, and Upper Chevy Chase is the new alternative to Georgetown and Capitol Hill. At the same time, this information is somewhat self-selecting. It’s all coming from the customers of one website, customers who might be predisposed to put convenience at a high priority. I recommending getting more than one opinion before drawing any conclusions, but Redfin certainly has a novel approach to generate real estate investment insights, and it’s worth paying attention to.

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    of 1

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    By uiio Katsimbiakis
    }anuaiy 14, 2u14

    Technology-baseu ieal estate
    biokei Reufin has publisheu its
    yeaily list of ieal estate
    neighboihoous to watch in the
    coming yeai. To aiiive at the
    numbeis, Reufin analyzeu
    hunuieus of millions site pages
    its useis vieweu anu favoiiteu in
    2u1S (as compaieu with 2u12),
    anu combineu the iesulting
    statistics with human
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    ovei a uozen top ieal estate
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    The list can be founu to the iight. As one can see, the top ten cities can be founu in states all
    ovei the 0S, fiom Califoinia to Washington BC, fiom Texas to Illinois, fiom Coloiauo anu
    Nevaua to 0iegon anu Washington, anu even ueoigia.

    While histoiically theie's been a coiielation between populaiity anu factois such as quality
    of schools, abunuance of scenic paiks, anu piesence of fashionable iestauiants, this past
    yeai's iepoit shows that people these uays aie incieasingly looking, above all else, foi a
    quick commute anu a low piice. All of the top neighboihoous have ielatively lowei piices
    anu aie eithei a shoit uiive to the city oi veiy close to a commutei iailway. Foi example,
    #1-ianking Beinal Beights Noith Slope anu #2-ianking Eagle Rock both boast a small town
    feel, even though they'ie in the miuule of San Fiancisco anu Los Angeles,
    iespectively. Neanwhile, Noiningsiue-Lenox Paik is the new alteinative Atlanta
    neighboihoou viiginia Bighlanu, anu 0ppei Chevy Chase is the new alteinative to
    ueoigetown anu Capitol Bill.

    At the same time, this infoimation is somewhat self-selecting. It's all coming fiom the
    customeis of one website, customeis who might be pieuisposeu to put convenience at a
    high piioiity. I iecommenuing getting moie than one opinion befoie uiawing any
    conclusions, but Reufin ceitainly has a novel appioach to geneiate ieal estate investment
    insights, anu it's woith paying attention to.


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