REAL ESTATE MARKET NEWS: The Superstitions of Real Estate

Nevermind price and location. An increasing number of buying decisions are dictated by superstition and magical thinking.

Recent results from a new study indicate that certain superstitions can have significant influences on real estate transactions according to a Canada.com report.

The Canadian Real Estate online magazine says the study, which was published in the Economic Inquiry Journal, shows that there are enormous costs associated with 'magical thinking' in real estate transactions, especially in neighbourhoods with a high concentration of Asian residents.

 

                                                 

 

 

 

Raymond Pace

Raymond Pace

Broker/Owner
CENTURY 21 Pace Realty Corp., Brokerage*
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