The Counselors of Real Estate (CRE) recently released their 2015-2016 Top 10 Issues Affecting Real Estate. The CRE’s, an invitation-only professional association for the industry’s leading real estate advisors, debuted the list at the recent National Association of Real Estate Editors conference in Miami.
Logan Babin Real Estate is proud to have two CRE’s on staff in Logan H. Babin, Jr. (a past Chairman and member of the Board of Governors) and Logan “Hank” Babin, III (current member of the Communications Committee).
The full list and article can be seen on the CRE website: 2015-2016 Top 10 Issues Affecting Real Estate
The CRE 2015-16 Top Ten issues Affecting Real Estate
1 – Demographic Shifts
2 – Excess Capital Supply
3 – Rising Interest Rates
4 – Global Instability and Currency Devaluation
5 – Urbanization
6 – Energy
7 – The Gap Between Rich and Poor
8 – Infrastructure
9 – Real Estate Technology and Crowdfunding
10 – The Changing Retail Model
Many of the issues on this year’s list have strong interrelationships and affect multiple property sectors. Excess capital supply – funds largely flowing into U.S. real estate purchases from foreign institutional and private investors, and rising interest rates – which greatly impact activity in both the commercial and residential financing sectors, were ranked second and third on the list.
“This list reflects a higher degree of economic uncertainty than in years past,” Noah Shlaes, 2015 CRE Chairman, said. “Anticipation of rising interest rates, continued currency devaluation, and excess capital flowing into the United States are all on the minds of our membership. Combine this with a growing wage gap and major changes in demographics, and we’ve got a lot to think about this year.”
The Counselors of Real Estate organization is known for thought leadership, extraordinary professional reach (more than 50 real estate specialties are represented by its member experts) and objective identification of the issues and trends most likely to impact real estate now and in the future.
Being a CRE is one of the highest honors in the real estate profession. And it is one more reason why we say: Logan Babin Real Estate & Appraisals – Local Knowledge…National Reputation.
