Markets heat up when a neighborhood turns cool

March 18, 2014

NEW ORLEANS – March 17, 2014 – Tulane University School of Architecture geographer Richard Campanella says “the curious cultural phenomenon known as cool” has helped transform dangerous and disregarded neighborhoods into hot real estate markets.The neighborhoods that become “cool” tend to be known for their history, architecture, walkability and other features; but Campanella argues that it’s their renewed “coolness” driving a recent popularity among homebuyers.“Coolness constantly needs to be ahead of the mainstream,” Campanella explains, “and if the mainstream catches up, coolness goes elsewhere.”He points out that a deluge of young buyers in New Orleans after Hurricane Katrina discovered the St. Claude Avenue area, transforming these neighborhoods while eschewing once-popular areas like Bourbon and Frenchmen streets.City planners nationwide are now making the creation of a “cluster of cool” part of their urban planning strategy.Source: New Orleans Times-Picayune (03/12/14) Campanella, Richard© Copyright 2014 INFORMATION, INC. Bethesda, MD (301) 215-4688

Please reload

Featured Posts

Cape Coral-Fort Myers leads in all-cash home sales

June 7, 2014

Please reload

Recent Posts
Please reload

Search By Tags
Please reload

Follow Us
  • Facebook Classic
  • Twitter Classic
  • Google Classic

    © 2017 Tom Miller Team

    A Team With Barclay's Real Estate Group

    2225 First St. Fort Myers, FL 33901

    Team Line: 239-233-2948

    Fax: 239-471-7526

    Cell: 239-314-4369



    Site Map