The impact that NAR’s advocacy team and the REALTOR® Party has in protecting rights and advancing favorable policies has been critical in keeping the commercial real estate industry running. Find out more about the difference NAR makes and hear from commercial leaders about how these efforts have helped their businesses.
The White House program didn’t take direct action to slow rising rental costs, and a future national rent-control policy is unlikely given prior court decisions.
NAR responded to the White House rental program by suggesting other solutions, such as grants, and warning that policies can drive housing providers from the market.
The extensive blueprint creates changes via DOJ, HUD, FHFA, FTC, CFPB and others. Builders say it could be worse, but the “order is the wrong strategy.”
The cost to insure commercial real estate loans has gone up. Borrowers usually “hedge” against interest rate changes, and many older agreements are expiring.
The firms says decarbonizing the global real estate market will cost about $18T, but the industry could reduce annual carbon emissions by 75% (6.2 gigatons).
