06Mar
MARCH 5 2020: MOBILE-PHONE DATA SHOWS VIRUS CRUSHING SOME RETAIL HOT SPOTS
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Written by Bloomber’s Jonathan Levin.  Published on Bloomberg on March 5, 2020 

Mobile-phone data — a proxy measure for crowds — is showing just how dramatically some of the world’s retail hot spots have cleared out as coronavirus spreads.

In Seoul’s Myeongdong shopping district, mobile devices plummeted about 67% last weekend, compared to the weekend traffic four weeks earlier, according to UberMedia data analyzed by Webster Pacific.

Seoul Coronavirus

***You can read the rest of the article on Bloomberg via this link
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18Oct
AUGUST 16 2019: WORLD CITIES 2019 WEALTH REPORT
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Wealth intelligence firm New World Wealth and location analytics specialists Webster Pacific recently reviewed the top cities worldwide by total wealth held. See top 20 below. As part of this study, Webster Pacific created heat maps for certain major cities to give a better indication of which neighborhoods are the wealthiest in each city.

Download Press Release: World cities 2019

Wealth Maps: London, Dubai, Mumbai

Coverage: Quartz, Khaleej Times 1, Khaleej Times 2

London_HNWIConc_v1

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12Jun
JUNE 10, 2019: MAPS OF SAN FRANCISCO AT COVINGTON
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A Pop-Up Exhibit on the Cartographic History of San Francisco at Covington & Burling, San Francisco: 53 maps, on the 53rd floor of the Salesforce Tower, from 1507 to present, that tell the story of San Francisco. Highlights include: first map of America, California as an island, the 1906 Earthquake, and the “fill” of San Francisco Bay.

Speakers: Jim Schein and Tom Paper

Google slide document of the maps included in the exhibit: via this link

Video of presentation by Tom Paper and Jim Schein (47 min): via this link

Video of maps as set up in the Covington offices in Salesforce tower (1 min): via this link

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07Jun
June 7, 2019: HIGH-INCOME HOUSEHOLDS ARE MOVING INTO THE SOUTH SOUND. WILL GOOD-PAYING JOBS FOLLOW?
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Written by The News Tribune’s Debbie Cockrell. Published on The News Tribune on June 7, 2019.

 

TblViz_v2

Portions of Pierce and South King County are getting wealthier.

From 2012 to 2017, the Tacoma metro and surrounding area, which includes some of South King County, have seen the number of high-earning households, those that make $200,000 a year or more, grow from 14,594 to 24,137.

That’s according to census data and numbers compiled by data and analytics consulting firm Webster Pacific, based in San Francisco.

Not all of the high-earning households are new, the researchers said. Some of them could have been in the area before 2012 and experienced wealth growth.

Yet, as Seattle’s housing market has continued to push more home buyers southward, some neighborhoods on the outskirts of Tacoma’s metro area have been among those to see the most growth since the market rebounded after the Great Recession.

The accumulation of wealth leads to affordability concerns and raises questions about what is happening to the local economy.

*You can read the rest of the article on The News Tribune, via this link.

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06May
May 7, 2019: Finding the Top 50 Opportunity Zones for Real Estate Investment – Report
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Download the full report via this link.

 

***REPORT EXCERPT***

Finding the Top 50 Opportunity Zones for Real Estate Investment

 

To better understand an investment strategy in Opportunity Zones, Webster Pacific examined various data related to each zone in the United States and Puerto Rico. Our objective was to identify which Opportunity Zones represent places where the value of a property investment would most likely continue to increase. To that end, our analysis of real estate values has shown that incomes and wealth correlate strongly with real estate value. We therefore asked the following question: “Of all 8,700 Opportunity Zones, where are incomes and wealth already growing the most?”

To answer this, we calculated the growth in the percentage of households earning $200,000 or more in each of the 8,700 Opportunity Zones. (The growth is measured between 2000 and 2017 and is adjusted for inflation. We excluded any tracts that were recently created, tracts whose boundaries were significantly altered, or tracts with fewer than 100 households. A similar methodology was used in one of our earlier studies, released in an article by Bloomberg[2].) We then found the fifty Opportunity Zones with the highest wealth growth and mapped them in Tableau by metropolitan area.

PressRelease_IMAGE_CBSAs

***Download the full report via this link.

News Features:

Publication Link
The Real Deal
Bloomberg
Globe St
PropModo
Crain’s NY
Crain’s Cleveland
Crain’s Chicago Business
The Real Deal
GreenPointers Blog
Qualitas Properties
Yahoo Finance
Forbes
1 First Class Homes
Crain’s NY
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16Apr
April 18, 2019: Pop-up Exhibit: 45 Maps of San Francisco
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45 maps, from 1507 to present, that tell the story of San Francisco.  Highlights include: first map of America, California as an island, the 1906 Earthquake, and the “fill” of San Francisco Bay.

Speakers:  Jim Schein and Tom Paper

PPT Presentation: via this link

Photos: via this link

Videos: Part 1, Part 2, Part 3

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18Feb
February 18, 2019: WHERE IS CHICAGOLAND’S BIGGEST GROWTH IN HIGH-EARNING HOUSEHOLDS?
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Written by Chicago Agent Magazine’s Scott Klocksin.  Published on Chicago Agent Mag on February 18, 2019.

Cencus-Chart-01

One of the things that drives real estate is the search for the next booming neighborhood. While there’s no easy way to know for sure where the next popular spot will be, sometimes the answer lies hidden in plain sight — in a spreadsheet.

With the help of data supplied by consulting firm Webster Pacific, we crunched the numbers on over 3,000 census tracts in Illinois and found the 10 in the Chicagoland area that saw the largest numerical increase in households with incomes of $200,000 or more (in 2017 dollars) between the year 2000 and 2017 — which is the most recent year with available data from the U.S. Census Bureau’s American Community Survey.

If you build it, they will come

As it happens, the tracts are evenly split at five apiece between the city and suburbs. One thing that nearly all of the census tracts that made the cut have in common is significant amounts of new development in the past two decades and a corresponding spike in total population. This was true in the city as well as the suburbs. In the South Loop, for example, Census Tract 3301 (No. 1 on our list for gains in households making $200,000 or more) saw a 279 percent jump in its number of total households from 2000 to 2017. More than 40 miles away, Census Tract 8545.01 — which covers parts of Geneva, most of Elburn and rural areas between the two towns — logged a 143 percent gain in household count from 2000 to 2017. That Kane County census tract ranks 9th on our list of tracts that saw the most growth in high-earning households.

*You can read the rest of the article on Chicago Agent Magazine, via this link.

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18Dec
December 18, 2018: Americans Earning Over $200,000 Are Flocking to These Neighborhoods
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Written by Bloomberg’s Reade Pickert, Jonathan Levin, and Hannah Recht. Published on Bloomberg on December 18th, 2018.

U.S. unemployment is near a 50-year low, economic growth is brisk and the stock market—despite a disappointing 2018—has paid generous returns since the financial crisis of a decade ago.

Bloomberg1

 But not for everyone. The chasm between rich and poor hasn’t been this wide since data collection began in the 1960s. Workers experience starkly different versions of America depending on which city or neighborhood they live in. One way to measure the economic fortunes of a place is by the concentration of households earning $200,000 or more, the highest threshold in the Census Bureau’s American Community Survey.

Nationally, 6.9 percent of American households bring in that much. What follows are the areas (known to the Census Bureau as tracts) that have shown the biggest increases in concentration of $200,000-and-up households since 2000, according to calculations by consulting firm Webster Pacific. It used data released on Dec. 6 and adjusted for inflation. (The ranking excludes recently created tracts, those defined as tracts of significant change and any tract with fewer than 100 households in either 2000 or 2017.)

 Bloomberg2
 *You can read the rest of the article on Bloomberg, via this link.
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15Dec
December 15, 2018: Where do the richest people in Dubai live?
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Written by Khaleej Times’ Waheed Abbas. Published on Khaleej Times on December 15th, 2018.

Dubai is synonymous with the cities of the rich as the glamorous city is home to the highest number of high net worth individuals (HNWIs) in the region.

According to New World Wealth, there are approximately over 55,000 HNWIs with $1 million-plus assets, 2,590 multi-millionaires with $10-million assets and 10 billionaires who have made the emirate as their home. But where do most of these millionaires live in the emirate?

An analysis by the US-based Webster Pacific showed that the Jumeirah, Umm Suqeim and surrounding areas have the highest concentration of HNWIs, followed by the Al Karama, Al Raffa and Al Barsha areas.

*You can read the rest of the article on Khaleej Times, via this link.

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16Nov
November 16, 2018: Here are the priciest real estate markets in the world
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Written by Inman News’ Gabriela Barkho. Published on Inman on November 16th, 2018.

This month, consulting firm Webster Pacific partnered with New World Wealth, a market research firm that focuses on wealth data, to release the top property indexes of where the priciest real estate markets are in the U.S. and internationally.

The firms tracked a few key apartments in major cities in prime, upscale neighborhoods. Here are the “Top 10 US cities/towns ranked by the dollar rate per square meter,” collected in June 2018:

  • New York City : $34,000
  • Pebble Beach, Monterey: $21,000
  • Los Angeles: $14,000

*You can read the rest of the article on Inman News, via this link.

 

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