(Chicago)–November 7, 2016–Commercial and residential Realtors® attending the National Association of Realtors convention in Orlando yesterday heard that understanding the most critical issues affecting real estate is essential to best representing clients and maintaining a competitive edge.
Scott R. Muldavin, CRE, chair of the board of The Counselors of Real Estate® professional association, and Peter C. Burley, CRE, chair of The Counselors’ External Affairs Committee, presented the CRE Top Ten Issues Affecting Real Estate 2016-2017–a list developed each year by The Counselors’ External Affairs committee. The Counselors’ 1,100 members around the world undertake a collaborative dialogue on current issues and trends to identify the list.
The changing global economy, debt capital market retrenchment and widespread demographic shifts were noted as having significant impact on real estate in the near-and long-term, representing both risks and corresponding opportunities. Expanded explanations about each of the CRE Top Ten Issues Affecting Real Estate 2016-2017 are available on the CRE website.
The CRE Top Ten Issues Affecting Real Estate 2016-2017:
1. The Changing Global Economy
2. Debt Capital Markets Retrenchment
3. Demographic Shifts
4. Densification/Urbanization
5. The Political Environment
6. Housing Affordability and Credit Constraints
7. The Disappearing Middle Class
8. Energy
9. The Sharing/Virtual Economy
10. Rise of Experiential Retail
The Counselors of Real Estate organization is known for thought leadership, extraordinary professional reach (more than 50 real estate specialties are represented by its member experts) and objective identification of the issues and trends most likely to impact real estate now and in the future. The issues in the annual Top Ten Issues Affecting Real Estate are an unbiased assessment of the most critical factors impacting real property.
The Counselors of Real Estate, established in 1953, is an international group of high profile professionals including members of prominent real estate, financial, legal and accounting firms as well as leaders of government and academia who provide expert, objective advice on complex real property situations and land-related matters. Membership is selective, extended by invitation only. The organization’s CRE (Counselor of Real Estate) credential is granted to all members in recognition of superior problem solving ability in various areas of real estate counseling. Only 1,100 people in the world hold the CRE credential. For more information, contact The Counselors of Real Estate, 430 N. Michigan Avenue, Chicago, IL 60611; 312/329.8430; www.cre.org.