Top Ten Issues Affecting Real Estate
Supply Up, Rents Down – Not a Coincidence!
The Global Housing Shortage was listed as the #3 Issue in the 2023-24 Top Ten Issues Affecting Real Estate® by The Counselors of Real Estate®. Make no mistake: The housing shortage persists. That said, the influx of new apartment supply is causing a mass deceleration of rent growth, overall, and even rent declines in markets with… Read more
Perspectives
Renewable Energy Communities: The Benefits for Businesses and Individuals
Renewable Energy Communities (RECs) represent a key innovation in the global energy landscape, providing sustainable and democratic solutions in energy production. This article will broaden the focus by exploring the benefits and applications of RECs in an international context. What are Renewable Energy Communities (RECs) Renewable Energy Communities (RECs) play a fundamental role in sustainable… Read more
Waltzing into 2024
As we look to the coming New Year, let’s take a moment to bask in the timeless wisdom imparted by Bing Crosby, Danny Kaye, Rosemary Clooney, and Vera Ellen in the 1954 classic film “White Christmas.” Year after year, as I revisit this cinematic masterpiece, I am captivated not only by the talent displayed on… Read more
Perspectives
Exert Control Where You Can – “Property Taxes”
Commercial real estate markets are in a transitory phase, the degree being contingent on which asset class is discussed. Nonetheless, virtually all segments of the market are facing some significant headwinds and/or corrections. While owners and managers cannot control macro-level forces influencing CRE value, there are indeed many things within your ability to mitigate value… Read more
Case Studies
Toward a Vibrant Downtown Greensburg, Pennsylvania
The following is excerpted from the executive summary of the final CRE Consulting Corps report presented to the City of Greensburg, the Greensburg Community Development Corporation, and the Realtors® Association of Westmoreland, Indiana, and Mon Valley. The Counselors of Real Estate® Consulting Corps was asked by the City of Greensburg, the Greensburg Community Development Corporation… Read more
Top Ten Issues Affecting Real Estate
Where Have All the Workers Gone? The Labor Shortage
The Labor Shortage was listed as the #5 Issue in the 2023-24 Top Ten Issues Affecting Real Estate® by The Counselors of Real Estate®. Everyone, everywhere, in nearly every sector is reporting that it is difficult to find skilled, willing and able workers. Layering on top of the worker shortage are a series of trends that are changing requirements for both workers and employers. Despite some signs of softening in the wake of Federal... Read More