Residential—January 1, 2024

As remote work becomes increasingly ingrained in the fabric of modern employment, a new trend in the housing market is taking shape. A report released on January 1, 2024, by the National Association of Realtors (NAR) highlighted the ongoing demand for suburban homes that offer spacious living areas and dedicated home office spaces. This demand...

Commercial—December 29, 2023

In December 2023, Los Angeles experienced a notable shift in its commercial real estate market, with sustainability becoming a central focus in leasing agreements. This change reflects a broader trend where tenants, especially in the tech and entertainment sectors, are increasingly prioritizing environmental responsibility in their operations. Consequently, landlords are adapting by offering spaces that...

Tech—December 27, 2023

The push for sustainability in the real estate industry took a significant leap forward with the UK government’s introduction of new regulations mandating that all commercial properties meet strict Environmental, Social, and Governance (ESG) criteria by 2025. This landmark legislation is set to reshape the landscape of commercial real estate, with major implications for developers,...

Residential—December 22, 2023

On December 22, 2023, a report from the National Association of Realtors (NAR) showcased how technology is continuing to enhance the homebuying experience, with virtual tours, artificial intelligence (AI), and other digital tools becoming integral to the process. Homebuyers, real estate agents, technology companies, and mortgage lenders are all embracing these advancements to streamline and...

News—December 22, 2023

A New Era for Modular Homes Modular construction, which has its roots in early 20th-century “kit homes,” is making a potential comeback as a solution to America’s growing housing affordability crisis. While modular homes still make up less than 4% of U.S. housing stock, they are garnering renewed attention due to the increasing demand for...

Commercial—December 22, 2023

As downtown Chicago continues to recover and adapt in the aftermath of the pandemic, its retail leasing market is experiencing a notable shift. With retailers reevaluating their business models, adjusting to the rapid growth of e-commerce, and facing broader economic uncertainties, the retail leasing landscape is undergoing significant transformation. This article explores the key trends...

Tech—December 21, 2023

The integration of Internet of Things (IoT) technology into residential properties became an undeniable trend. The growing popularity of smart homes, equipped with IoT devices such as smart thermostats, security cameras, and lighting systems, was driven by buyers seeking convenience, energy efficiency, and enhanced home automation. This shift in consumer preferences has prompted real...

News—December 21, 2023

Property Tax Revenue Growth In the third quarter of 2023, U.S. property owners paid $129 billion in property taxes, according to NAHB analysis of the Census Bureau’s state and local tax data. Over the four quarters ending in Q3 2023, state and local governments collected a total of $757 billion in property tax revenue, marking...

Realtors—December 20, 2023

The real estate market has experienced a shift as we close out the year, with residential sales across the U.S. showing signs of cooling. Major cities, including Orlando, have seen a marked decline in home transactions, signaling a shift in buyer behavior. This trend reflects broader concerns about the economic outlook and rising interest rates,...