flexiblefullpage - default
Currently Reading

Good Vibes Only in These Homes

Advertisement
billboard - default

Good Vibes Only in These Homes


November 28, 2018
Fountain
Photo: Unsplash/Alexandr Popadin

Feng shui has been used in homes across the globe for roughly 3,000 years to keep positive energy flowing, and remains potent today.

A growing number of homebuyers are consulting feng shui masters in their home searches and after closing to keep the home's energy balanced and harmonic, and to unleash "a residence's true potential for fortune, health, and happiness," Realtor.com reports. Master Pun-Yin explains, “We help to make a livable and healthier situation," often trying to "elevate the home's energy," by improving sunlight or moving décor.

Feng shui can make or break a real estate deal, says Bill Seto, president of Fultonex Realty in Flushing, Queens, N.Y., “I’ve seen many deals fail where the home inspection went well, the price was acceptable, the feng shui master comes in, and the buyer walks away." According to a survey of Chinese-Americans, 86 percent of buyers take a home's feng shui into consideration before purchasing, and 79 percent said they would pay more for a home with good feng shui.

Chinese buyers, who are the largest group of foreign buyers, purchased $30.4 billion in U.S. residential real estate from April 2017 through March 2018, according to the National Association of Realtors®. That's about 1.9 percent of all U.S. existing-home sales (which excludes new properties) during that time. The median price of homes bought by Chinese nationals in that time was $439,100. (Chinese investment in the U.S. has dropped recently amid a government crackdown on money leaving the country, but the long-term effects on U.S. real estate are still unknown.)

Read more

Advertisement
leaderboard2 - default

Tags

Related Stories

Sustainability

Mention of Eco-Friendly Home Features Is on the Rise in Sales Listings

Home listing descriptions using eco-friendly terms have been rising over the past five years in line with growing consumer interest in the environment and energy efficiency

Design

What Gen-Z Buyers Really Want in a Home

The fervor of planning for Millennials in the home building industry has now pivoted to Gen Z. So, what does this new generation want?

Building Materials

Lumber Leads Building Materials Prices Higher in March

Overall, the cost of building materials rose during March, with softwood lumber, gypsum products, and concrete all seeing price increases. Only steel mill materials saw price drops

Advertisement
boombox1 -
Advertisement
native1 - default
halfpage2 -

More in Category

Delaware-based Schell Brothers, our 2023 Builder of the Year, brings a refreshing approach to delivering homes and measuring success with an overriding mission of happiness

NAHB Chairman's Message: In a challenging business environment for home builders, and with higher housing costs for families, the National Association of Home Builders is working to help home builders better meet the nation's housing needs

Sure there are challenges, but overall, Pro Builder's annual Housing Forecast Survey finds home builders are optimistic about the coming year

Advertisement
native2 - default
Advertisement
halfpage1 -

Create an account

By creating an account, you agree to Pro Builder's terms of service and privacy policy.


Daily Feed Newsletter

Get Pro Builder in your inbox

Each day, Pro Builder's editors assemble the latest breaking industry news, hottest trends, and most relevant research, delivered to your inbox.

Save the stories you care about

Lorem ipsum dolor sit amet lorem ipsum dolor sit amet lorem ipsum dolor sit amet.

The bookmark icon allows you to save any story to your account to read it later
Tap it once to save, and tap it again to unsave

It looks like you’re using an ad-blocker!

Pro Builder is an advertisting supported site and we noticed you have ad-blocking enabled in your browser. There are two ways you can keep reading:

Disable your ad-blocker
Disable now
Subscribe to Pro Builder
Subscribe
Already a member? Sign in
Become a Member

Subscribe to Pro Builder for unlimited access

Lorem ipsum dolor sit amet, consectetur adipisicing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua.