Forging Ahead

The Clean Water Act could have a profound effect on private property rights and on commercial real estate practitioners—particularly on the development side. Original source: https://www.nar.realtor/commercial-connections/watershed-moment

Statement on White House Debt Ceiling Meeting “We encourage Congress to keep working on a long-term debt ceiling solution to maintain stability and faith in the American economy.” Media Contact: Tori Syrek Original source: https://www.nar.realtor/newsroom/nar-president-issues-statement-following-white-house-meeting-on-debt-ceiling

Renter Demand Shifts Toward Class B/C Apartments The apartment vacancy rate has fallen to a decade low of 4.5%, and the asking rent has soared to a historic high of 10.5%. By: Scholastica (Gay) Cororaton Commercial & Investment Real Estate, Rental Properties Original source: https://www.nar.realtor/blogs/economists-outlook/commercial-weekly-renter-demand-shifts-toward-more-affordable-and-suburban-class-bc-apartments

Instant Reaction: Jobs, November 5, 2021 Since coming out of lockdown 18 million jobs have been created, but total jobs are still 4 million below the pre-COVID-19 level. By:  Lawrence Yun Original source: https://www.nar.realtor/blogs/economists-outlook/instant-reaction-jobs-november-5-2021