Facebook Twitter Instagram
    Trending
    • Top 10 Housing Markets Most Affordable for Renting
    • Zumper’s National Rent Report for January ’23
    • New Home Sales Up 2.3% in December
    • Pending Home Sales Up 2.5% in December
    • U.S. National Debt Surpasses $31 Trillion
    • Top 10 Real Estate Markets for First-Time Homebuyers in 2023
    • NREIA Statement on the Biden Administration’s Recent Announcement Regarding Renters & Housing Providers
    • Rent…On time Every time
    Twitter
    Real Estate Investing Today
    • Home
    • RE Journal
    • ROI Magazine
    • National REIA
      • National REIA
      • Find a REIA near you!
    • Podcasts
    • Housing Data
    • Contact Us
    Real Estate Investing Today
    You are at:Home»Residential»Are Real Estate Buying Habits linked to Social Media Behavior?

    Are Real Estate Buying Habits linked to Social Media Behavior?

    1
    By Brad Beckett on August 2, 2016 Residential

    Yes, you read the subject line correctly.  Citing a recent study from NYU, Harvard and Facebook, CNBC is reporting that decisions people make about buying property are heavily influenced by their participation in social networks – in particular Facebook.  According to the report, if someone’s Facebook friends experience increases in their house price, they are more likely themselves to invest in property over the next couple years.  Talk about peer-pressure, the study suggested a significant impact on local housing markets, in aggregate.  The report looked at home pricing and volume data from 831 counties (covering 1998 to 2012) as well as Facebook network information of the various residents.

    “A person who is currently renting and whose Facebook friends saw their homes appreciate 5 percent more than the market average in the past two years is 3.1 percentage points more likely to buy a home themselves in the next two years. The researchers also found that people are more likely to buy a larger house, pay more for a given house and make a larger downpayment.”

    Click here to read the full story on CNBC.com

    Click here to read the actual study, “Social Networks and Housing Markets.”

     

    Share this:

    • Click to email a link to a friend (Opens in new window)
    • Click to print (Opens in new window)
    • Click to share on Twitter (Opens in new window)
    • Click to share on Facebook (Opens in new window)
    • Click to share on LinkedIn (Opens in new window)
    • Click to share on Pinterest (Opens in new window)
    • Click to share on Reddit (Opens in new window)

    Related

    Brad Beckett
    • Website
    • Facebook
    • Twitter

    Director of Education & Outreach, National Real Estate Investors Association

    Related Posts

    Top 10 Housing Markets Most Affordable for Renting

    Zumper’s National Rent Report for January ’23

    New Home Sales Up 2.3% in December

    1 Comment

    1. Pingback: Tropic – Are Real Estate Buying Habits linked to Social Media Behavior?

    Emergency Rental Assistance
    Action Alert HR 5013 – Seller Finance
    https://youtu.be/WP-IAtGnPsQ

    Click here to visit the National REIA Legislative Action Center.

    Stay Informed!

    Simply enter your email address in the space below to receive our latest posts right in your mailbox! It's FREE!

    Join 2,508 other subscribers
    Podcasts
    podcasts
    Survey of the Quarter:
    • Most Recent Posts
    January 31, 2023

    Top 10 Housing Markets Most Affordable for Renting

    January 31, 2023

    Zumper’s National Rent Report for January ’23

    January 30, 2023

    New Home Sales Up 2.3% in December

    January 30, 2023

    Pending Home Sales Up 2.5% in December

    Benefits of Joining National REIA
    Click here to find a REIA!
    The Latest issue of the RE Journal
    REJ cover winter 22-23
    Follow us on Twitter: @REI2Day
    My Tweets
    Keyword Search
    Real Estate Investing Today
    National Real Estate Investors Association
    2755 Mansion Place
    Crestview Hills, KY 41017
    888-762-7342
    www.NationalREIA.org
    Top 100 Real Estate Investing Blogs & Websites on the Web
    Categories
    About Real Estate Investing Today

    Real Estate Investing Today is the news aggregation site for the National Real Estate Investors Association (NREIA) and features news & industry updates to help investors stay informed. Learn more at www.NationalREIA.org

    Media Inquiries

    Media Inquiries Click here

    Copyright 2022 Real Estate Investing Today

    • Home
    • News
    • Legislative
    • Market Trends
    • Residential
    • Data
    • Rentals
    • Crowdfunding
    • Legal
    • Regulations & Taxes
    • Infographics
    • Technology
    Copyright 2022 Real Estate Investing Today
    • Home
    • News
    • Legislative
    • Market Trends
    • Residential
    • Data
    • Rentals
    • Crowdfunding
    • Legal
    • Regulations & Taxes
    • Infographics
    • Technology

    Type above and press Enter to search. Press Esc to cancel.