West Hawaii Real Estate | November 23, 2018 15
Affordability, disruption and rising interest rates lead top ten issues facing real estate
Housing affordability,
disruptive technology and
rising interest rates were
just some of the issues the
Counselors of Real Estate named most
likely to affect the real estate industry
during a session titled “Update: The
Top Ten Impacts on Real Estate
2018-2019” at NAR’s 2018 REALTORS
Conference & Expo.
Each year CRE members pool their
research, analysis and information to
develop a Top Ten Issues Affecting
Real Estate list and the substantiation
that validates it. This list identifies the
most pressing trends and challenges
that will impact the housing and
commercial real estate market now
and in the years to come.
“Real estate touches every
American, from every part of the
country and every walk of life,” said
panelist Hugh Kelly, of Hugh F. Kelly
Real Estate Economics. “The concerns
facing the real estate industry are our
common concerns.”
CRE divided the list into two
groups: issues the organization
believes the industry needs to be
thinking about in the coming year
and issues that will be important over
the next 10 years.
Here are the two lists:
Current Issues
1. Interest Rates & the Economy
2. Politics & Political Uncertainty
3. Housing Affordability
4. Generational Change/
Demographics
5. E-commerce & Logistics
“When it comes to
politics, CRE tries to
illuminate rather than
advocate,” said Kelly.
“However, we think
it is obvious that the
dysfunctional state of
our political discourse
and our unwillingness to compromise
on issues stand in the way of
problem-solving – problems like the
ones on this list.”
Longer-term Issues
1. Infrastructure
2. Disruptive Technology
3. Natural Disasters & Climate Change
4. Immigration
5. Energy & Water
“It is widely known and
documented that as infrastructure
deteriorates, so do the local
neighborhoods and communities,” said
panelist Julie Melander, Vice President-
Portfolio Management at Carter
Validus. “The reverse is also true; in
regions where infrastructure is invested
in we see a growth in population, an
increase in business investment and a
rise in property values.”
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