Annoyed by That Jackhammer Outside Your Home? There May be Upside
*By Christian Smith*
Few people want to live right next to a noisy highway, or under the flight path of a bustling airport. That means property values take a significant hit in areas with noise pollution. However, some types of noise can actually be a good thing for home owners.
"An example where noise can be good for property values is construction noise," said Judy Dutton, contributing editor at Realtor.com, in an interview on Cheddar Friday. "Ultimately, construction is good for property values depending on what's going up."
Construction noise is also temporary, Dutton added. It is generally a sign of investment and growth in the area, which can have a positive return on investment for buyers willing to push through the headaches.
Noise pollution's effect on property value also varies by market. Noise has less of an impact on the price of a home in the heart of New York City, where it is expected, than it does in suburban and rural areas.
Not all noisemakers are made equal. A [realtor.com study](https://www.realtor.com/news/trends/noise-discounts/) found that home prices within a 2-mile radius of an airport are discounted 13.2 percent from the going rate of other homes in the same ZIP code. The same study found homes near railway tracks are discounted 12.3 percent; and highways, 11.3 percent.
If you're willing to pay more, and want to make sure you don't end up in a noisy area, Dutton recommends visiting the property at multiple times throughout the day. This allows you to get a more complete picture of possible noise pollution in the area.
For the full interview, [click here](https://cheddar.com/videos/how-noise-pollution-impacts-property-value).
Tom Graff, Chief Investment Officer, Facet, discusses what the latest jobs report says about this ‘pretty good’ labor market and why the market should worry less about the Fed’s next decision.
Universal Music Group, which represents artists including Taylor Swift, Drake, and Ariana Grande, has removed its music from TikTok and accused the app of bullying and intimidation.
The average rate on a 30-year mortgage fell 0.06% last week. Although the rate is much higher than it was two years ago, the decline could relieve buyers already dealing with low inventory and high prices.
As millions of Americans are set to retire, John Carter, President & COO of Nationwide Financial, shares what to expect and how consumers of all ages can better prepare for their golden years.
The heated hearing began with recorded testimony from kids and parents talking about being exploited on social media. Throughout the hours-long event, parents who lost children to suicide silently held up pictures of their dead kids.
Adtalem CEO Steve Beard addresses a report from Safkhet Capital taking the short position on the for-profit education giant, plus why he believes there should be financial recourse for student loan borrowers misled by their institutions.
CEO of Americares Christine Squires shares how the organization is helping provide medical assistance in a time of increasing instability, war, and climate-related disaster.
