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The millennial generation has split, new Fed research shows: Those over 35 are edging toward boomer-style wealth, while everyone else falls behind

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Mark Cuban says he has the solution to growing income inequality, and it's to reward every employee—from CEO to janitor—with company stock

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Mathematicians grapple with a ‘very rapid and very unsettling change’ as AI cracks yet another century-old problem
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Zillow CEO: Starbucks will boost your home’s value

By
Christina Austin
Christina Austin
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By
Christina Austin
Christina Austin
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February 27, 2015, 5:04 PM ET
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Spencer Rascoff, CEO of Zillow (Z), joined Fortune Live on Friday and spoke with host Leigh Gallagher about trends in the real estate market.

One fascinating tidbit from his conversation: Zillow home value data show that between 1997 and 2014, homes located within a quarter-mile of a Starbucks (SBUX) increased in value by 96%, on average, compared with 65% for all U.S. homes.

If your home is close to a Dunkin’ Donuts (DNKN), its price would have appreciated 80% over the same time period, Zillow found.

Why does the Starbucks phenomenon happen? According to Rascoff, it’s because of the gentrification effect Starbucks has on an area — it brings in similarly valued retailers.

Coffee chains aren’t the only factor boosting your home’s value, Rascoff said. It’s best to live on a court or a way, versus a boulevard or a street, he noted. You’ll also want those courts and ways to be named instead of numbered.

For more, check out the video below.
[fortune-brightcove videoid=4083998797001]

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