WASHINGTON DC – Real estate agents and brokers who are helping clients manage their investments need to keep them abreast of developments in multi-family and commercial property markets by staying on top of economic, regulatory, and legislative issues that affect lending, tax policy, health care and energy, Inman News Service reported Monday (May 16, 2011).
Inman, covering an address by Charles Achilles, chief legislative and research officer for the Institute of Real Estate Management during the National Association of Realtors’ mid-year conference, said he predicted that a dizzying array of issues which face commercial property investors also will have an impact on residential housing markets.
Because more municipal governments must deal with budget deficits, Achilles said, tax increases may be inevitable for commercial brokers and their clients. That would only reduce the potential for economic growth, he noted.
- Read a story by reporter Matt Carter, titled “Real estate downturn’s impacts to linger for years” and published Monday (May 16, 2011) by the Inman News Service, here.
Related (to multi-family dwellings):
- Commercial Investors Face Years Of Trouble, Expert Claims
- Market’s Now Looking Better For Multi-Family Housing Units
- Pennsylvania Home Builders Applaud Sprinkler Repeal Vote
Photo from Google Images