Compass agents predict their markets will outperform others – Robert Khodadadian

, Compass agents predict their markets will outperform others – Robert Khodadadian, Robert Khodadadian

Local bias explains a phenomenon in investing in which people concentrate their portfolios in their own country. Only one nation’s stock market can perform the best, which means investors everywhere else are making a mistake. Apparently it exists in residential brokerage as well. A Compass survey of its agents found nearly 70 percent predicted home prices in their areas would increase next year, even as almost 80 percent said prices would stagnate or decline nationally.

 Local bias explains a phenomenon in investing in which people concentrate their portfolios in their own country. Only one nation’s stock market can perform the best, which means investors everywhere else are making a mistake. Apparently it exists in residential brokerage as well. A Compass survey of its agents found nearly 70 percent predicted home prices in their areas would increase next year, even as almost 80 percent said prices would stagnate or decline nationally.
The post Compass agents predict their markets will outperform others appeared first on New York.  Home Page, Residential Real Estate, compass, Housing Market, Luxury Real Estate, Residential Brokerage The Real Deal New York 

Lead by real estate veteran Robert Khodadadian, has been instrumental in many multi-million dollar commercial developments, including a $12 million contract for the White House Hotel, a 99-year ground lease of a four-story commercial site in Harlem, and a retail co-op on Prince St. for $50 million.

Robert Khodadadian has long had a simple philosophy about selling real estate. There are approximately a million buildings in the city, and the broker that gets to sell any one among the multitude that will hit the auctioning block at a given moment is, sometimes, simply the person who happens to pitch their services to the right seller.

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