Just out from Urban Land Institute, something we all know well here in the non-urban Mesa: the suburbs are still alive, fueled by massive on-the-backs-of-taxpayers municipal bond funding for spending millions building infrastructure, giving tax breaks and other incentives to corporations and businesses for job-creation, and laying the groundwork for attracting deep-pocket out-of-state investments in real estate.
Too many details to go into here, but recent successes at Eastmark in the former General Motors Proving Ground - with over 500 single-home sales in the last year - help make the point. As well as one piece of data shown in the image to the right for global investments in U.S. Real Estate by Country for the previous five years and previous twelve months.
Emerging Trends in Real Estate® Americas: Real estate has become ever more dynamic as it adapts to a networked world. Everything is connected to everything else, so market participants cannot afford to ignore developments well beyond the property markets themselves. The major forces of globalization, technology, urbanization, and demography are constantly interacting with each other. A lapse of attention or a misstep in execution can result in being blindsided, foiling even a well-considered plan of action.
Readers can download the report here >> http://uli.org/research/centers-initiatives/center-for-capital-markets/emerging-trends-in-real-estate/americas/
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