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Home values and Starbuck’s locations. In a recent article written by the CEO of Zillow and their chief economist, they explored exactly how closely the two correlate, they compared a database of Starbucks locations with Zillow data. And since Starbucks’ corporate headquarters in Seattle is located just a few miles down the road from Zillow, they also took the opportunity to pay their neighbors a visit, and to pick the brains of Starbucks’ own real estate analytics team—the whizzes who determine where to put that next Starbucks location.
According to the findings….your home may be more valuable based on the location of the nearby Starbucks.
It seems pretty clear that people are paying a premium for homes near Starbucks. And furthermore, it looks like Starbucks itself is driving the increase in home values. Fascinating?!
There is no doubt that the housing market has recovered from the meltdown that occurred just a few short years ago. However, in some states home values still have not returned to the prices we saw in 2006 and 2007. Here is a breakdown showing where current prices are in each state as compared to peak prices.
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