Source: Twin Cities Pioneer Press —
The economy is bouncing back beyond expectations, but housing affordability is quickly worsening as rents and home prices rise, sending more homebuyers looking to the Sun Belt. Most workers will average three to four days per week in the office, with as many as a fourth of them not showing up at all. And more real estate investors are turning to consultants and software to assess extreme weather and climate risks.
Those are among the key findings from a national real estate report by the Urban Land Institute and corporate accounting consultants PricewaterhouseCoopers.
The Urban Land Institute’s 111-page “Emerging Trends in Real Estate 2022” report surveyed 1,700 real estate owners, developers, asset managers and other industry professionals and found that nationally, overall occupancy rates and rents fell less drastically during the pandemic than during even modest previous recessions.