How the Real Estate Business Came To Be
Today’s Real Estate Professionals Uphold a Rich Legacy You might know your way around a marketing campaign or your favorite real estate CRM, but have you studied up on the rich and lengthy history of your profession as a whole? Agents today are the result of thousands of years of societal change and continue to help facilitate
Retail Giants Bet on Small Concept Stores to Lure Shoppers
As Online Shopping Continues to Dominate, Some Retail Chains Experiment Bloomingdale’s, the 160-year-old luxury department store chain, is joining several other national retail chains in experimenting with much smaller versions of their stores that feature heavily curated merchandise — an apparent effort to compete amid the rise of online shopping. The COVID-19 pandemic changed many consumer behaviors, including
Transforming Distressed Hotels Into Affordable Housing
Check Out This Hotel-Based Solution to America’s Affordable Housing Crisis As the COVID-19 pandemic hit the United States, prompting travel restrictions and stay-in-place orders, hotel stays plummeted. Hundreds of millions of rooms sat empty in 2020. Meanwhile, communities across the country have seen “an acute undersupply of housing,” with renting becoming increasingly unaffordable, the National Association of REALTORSⓇ
How Biden’s Jobs and Infrastructure Plan Would Affect Housing
President Biden Commits to Addressing Affordable Housing Crisis President Joe Biden’s $2.3 trillion jobs and infrastructure proposal includes a $213 billion investment in affordable housing, pledging to “build, preserve, and retrofit more than two million homes and commercial buildings to address the affordable housing crisis.” The proposal, called the American Jobs Plan, has faced significant Republican opposition since
Making the Leap From Commercial Real Estate into Residential
Leaving Commercial Real Estate for Residential Has Its Benefits With COVID-19 still ravaging society, many people are reconsidering their careers. This Great Pause is allowing professionals across all industries to take a step back and think to themselves, “Is this what I really want to be doing with my life?” When it comes to commercial real estate agents,
Banks Fear Downgrade as Commercial Real Estate Flounders
How Will COVID-19 Hurt Commercial Real Estate & the Banks Backing Their Holdings? The past decade has seen a remarkable rise in our economy as a whole. Almost every industry has seen massive gains, both in the spreadsheets and in the stock market. However, with the onset of coronavirus back in March, a high level of uncertainty
Black Friday’s Impact on Commercial Real Estate in 2020
Black Friday's Lack of Appearance in Retail Stores Hurts Commercial Real Estate Most of us are curious what Black Friday will look like this year given the multitude of changes brought on by COVID-19. No doubt that 2020’s Black Friday shopping will look different across the country for in-store purchases, but for online shoppers, there’s no need
How is Coronavirus Affecting Commercial Real Estate?
Commercial Real Estate Has Been Affected Tremendously by COVID-19 In 2008, there was a cloud of uncertainty regarding normal people paying off their mortgages. The economy was in ruins, new jobs were sparse, and the market had shrunk by over 6 percent at year’s end. Fast forward to 12 years later, and a new problem has arisen
