Perspectives

Finding the Direction of Future Sales Prices In a Residential Market Analysis Using the Months-of-Supply Indicator

Abstract The Months-of-Supply market statistic combines indicators of residential demand and supply to determine market trends and their impact on future transaction prices. It is available from local real estate, government, and selected university sources, or calculated using data typically found in the office. The interaction of demand and supply trends shows a shortage or… Read more

Perspectives

Rebuilding Ukraine

As someone who has lived and worked through the destruction of a country, first hand seen the rebuilding of one country, Serbia, twice and seen the redevelopment of several other countries (Slovenia, Croatia, Montenegro, Bosnia and Herzegovina and North Macedonia) I feel compelled to give my thoughts on the rebuilding of Ukraine. The war in… Read more

The Future of Affordable Housing in the US: Global Solutions for a Local Problem

Introduction Amidst an ensuing cost of living crisis in many geographies, a higher for longer interest rate environment, and the sustained shocks of inflation resulting from the pandemic years and the return of interstate war in Europe, a feeling of economic insecurity pervades many societies today. Remarkably, in an economy which is expanding over 3%… Read more

Lessons I Learned from Ray Torto

Ray Torto was an important teacher and mentor for me. His recent passing has put me in a reflective mood about the things I learned from him. I owe much of the success in my career to his ability to teach. In 1996, I packed up my life in Chicago and drove out to Boston… Read more

Resource Reviews

REVIEW: New Guide to Ground Leases

Joshua Stein’s New Guide to Ground Leases, published in 2024 by ACRE Press, is a comprehensive resource for anyone dealing with ground lease transactions. The Guide consists of three volumes which include: Volume 1: Encyclopedia of Ground Leases – This volume covers a wide range of topics related to ground lease transactions. It delves into… Read more

The Everyday Leader

Transcending Borders: A Lesson in Cultural Exchange from Cherry Blossom Season

In the bustling metropolises as well as the tranquil countryside of Japan, Spring heralds the arrival of a breathtaking spectacle – cherry blossom season. For seven memorable years, I had the privilege of immersing myself in the beauty and tradition of this enchanting time, living as an American expatriate in the Land of the Rising Sun. The allure of cherry blossoms, or "sakura," runs deep in Japanese culture, intertwining history, poetry,... Read More