Page 24 - Abacoa Community News - April '24

Page 24, Abacoa
science on tHe cutting edge

Study: Housing Premiums
Shrink, Signaling Good News

For Homebuyers

By Amber Bonefront
Housing premiums
in many markets in the
country are starting
to decline, suggesting
that many areas across the country are moving toward highly-rewarding discoveries. MPFI is the only Max the world with new understanding of how the brain functions
stabilization, according to researchers at Florida Atlantic Planck Institute in North America. in health and disease.
University and Florida International University. MPFI By The Numbers • Having a world-class imaging center, machine shop,
In eight out of the 10 most overvalued housing markets, MPFI is part of Germany’s Max Planck Society, the animal resource center and molecular core working side by
housing price premiums have started to edge back down globe’s most successful research organization. There are side with researchers, gives MPFI scientists the most effective
toward their long-term pricing trends, according to January more than 80 institutes worldwide, and since its founding, and cutting-edge advantages in their unique research pursuits.
data from the Top 100 U.S. Housing Markets. A premium Max Planck researchers have been awarded the Nobel • MPFI maintains innovative tech partnerships with leading
is measured by the degree of overpricing in terms of a Prize 29 times, including two in 2021 alone! international companies, such as Abberior Instruments and
percentage difference between actual and statistically Since 2011, MPFI researchers and directors have Zeiss Microscopy, giving Max Planck Florida researchers
modeled home prices. significantly exceeded the average success rate for access to the most powerful and advanced tools offered, often
Atlanta, the most National Institutes of Health (NIH) grant applications before they are commercially available anywhere else.
overvalued market in with two MPFI researchers receiving perfect scores on • The MPFI Scientific Fellows Program is training the
the country, posted their applications, a rare achievement from even the most next generation of neuroscience researchers. This innovative
a 12-basis point established scientists. program for undergraduate, post baccalaureate, graduate
decline in its housing MPFI scientists have produced more than 191 research and postdoctoral researchers draws students from leading
premium over the past publications and their findings have been cited more universities around the world.
month. The second than 40,000 times. MPFI is home to eight state of the art • MPFI provides inspiring educational opportunities for
most overvalued research groups that employ groundbreaking techniques Palm Beach County students including high school summer
market, Cape Coral, to study the brain. Two of these groups are led by past research internships, MPFI Brain Bee Competitions, Science
had a 62-basis point decline; Tampa, fourth most overvalued, winners of a Max Planck Society competition who could Career Panels, teacher workshops and more.
had a 17-basis point decline; Palm Bay, fifth most overvalued, choose any Max Planck Institute to start their labs. They • MPFI’s Sunposium brings world-renowned thought
TM
a 31-basis point decline; Knoxville, sixth most overvalued, had chose Max Planck Florida. leaders, including Nobel Prize winners, to share their insights
a 13-basis point decline; Lakeland, the eighth most overvalued MPFI has educated more than 333 scientific trainees and discoveries with the next generation of scientists.
had a 23-basis point decline; Orlando, number nine, a six-basis through our internships, undergrad, post baccalaureate, Learn more at MPFI.org.
point decline; and Charlotte, the 10th most overvalued saw a Ph.D. and postdoc programs.
14-basis point decline.
“This is good news as it signals these markets could be Curiosity Driven Discovery
getting to where prices should be, slowly but surely, creating And Exceptional Innovation
less risk for catastrophic loss in average home value,” said
Ken H. Johnson, Ph.D., real estate economist in FAU’s • MPFI’s fundamental research is answering the toughest
College of Business. “Ideally, we want to find our way back questions in neuroscience. Our facility, with more than 80
to the long-term trend for each metro area with as little pain scientists, develops cutting-edge approaches that are leading
as possible.”
The Top 100 U.S. Housing Markets, a monthly index in
FAU’s Real Estate Initiative, measures housing premiums
and discounts in the 100 most populated metropolitan areas Experience Dentistry
in the country by looking at the difference in actual average
home price in a city and comparing it to the long-term home
pricing trend for the same city to calculate how overvalued
or undervalued housing markets are using publicly available
data from Zillow. with a
Several Florida metros also signaled that prices are
stabilizing as eight out of the nine measured metros saw
small declines in premiums. Examples include North
Port with a 75-basis point drop in its housing premium
between end of December 2023 and the end of January;
Deltona with a 39-basis point drop; and Jacksonville with Woman’s Touch
a 16-basis point drop.
“Equity gains remain strong for current homeowners and
prospective homebuyers can get a little breather knowing
that prices are slightly more stable. All in all, these are good
signs for the housing market,” said Eli Beracha, Ph.D., Cosmetic & Comprehensive Restorative Dentistry
director of FIU’s Hollo School of Real Estate.
South Florida remains an area of concern for
researchers as it was the only measured metro in the state State of the Art & Same Day Restorations
where housing premiums did not decrease, instead going
up by 23 basis points.
“As prices are on the upswing still in Miami and premiums Nitrous Oxide/Oxygen Sedation Available
aren’t showing signs of heading back to the area’s long-term
pricing trend, it might be better, in terms of wealth creation,
to rent and reinvest monies that would have otherwise been
put into homeownership,” Johnson said. Joanne Green, D.D.S.

10887 N. Military Trail, Suite 6
Palm Beach Gardens, FL 33410

(561) 622-2815
About The Max Planck

Florida Institute For www.joannegreendds.com
Neuroscience (MPFI)

Medical College of Virginia School of Dentistry - Cum Laude
MPFI is a member of the prestigious Max Planck
Society, the No. 1 nonprofit biomedical organization Hospital of the University of Penn - General Practice Residency Training
in the world. MPFI focuses on discovering answers Harvard Dental School - Former Instructor
to the fundamental questions of the brain in a vibrant, Boston Brigham and Women’s Dental Group - Staff Dentist
collaborative environment where scientists are empowered
to take on high-risk projects that act as a catalyst for