Earth Day updates, macro and micro; housing market sets new sizzle records; shoe buyers hoof it to department stores; a fairway full of investment opportunities.
Earth Day in the News
At Earth Day Climate Summit, Biden Pushes for Sharp Cut to Greenhouse-Gas Emissions
President Joe Biden told world leaders today that the U.S. is committed to sharply cutting its greenhouse-gas emissions in the next decade, The Wall Street Journal reports [subscription required], as other countries also promised climate action and some urged rich nations to shoulder more responsibility.
The Millionacres takeaway: Investors in real estate of all kinds need to be aware of the growing reality that tenants and buyers are increasingly expecting green features in their buildings.
5 Ways to Make Your Investment Property More Sustainable
And because we’re about solutions here at Millionacres, here are some steps from our Maurie Backman that you can take to make your investment property more earth-friendly.
The Millionacres takeaway: As Maurie says, these days there's a huge push toward eco-friendly, sustainable building, and as a real estate investor, you have a prime opportunity to join that movement.
Also in Today’s News
Housing Market Hits New Records for Prices and Sales Speed
The National Association of Realtors (NAR) reported today that median existing-home sales price in March rose by a record-breaking annual pace of 17.2% to a new high of $329,100, with all regions posting double-digit price gains. The median existing-single-family home sales price jumped 18.4% to $334,500.
The Millionacres takeaway: The NAR says properties also typically sold in 18 days, another record low. This is truly an extremely hot market. Affordability and supply issues remain, but those may be the only factors impeding this historic run.
Department Stores Like Nordstrom and Macy’s Still Favorite Place to Buy Shoes
CNBC reports today on a new survey that asked shoppers where they’ve been buying shoes during the pandemic, and overwhelmingly, the answer was department stores.
The Millionacres takeaway: Letting their feet do the talking, these consumers send the message that maybe department stores do have some life left in them -- at least from the ankles down.
Also Today on Millionacres
Fore the Future? A Look at Golf Course Development Investing
Our Brad Cartier looks at multiple ways golf course properties are being repurposed -- including some that actually keep them as golf courses.
The Millionacres takeaway: For savvy investors who know what to look for, there may be some interesting opportunities in the coming years to optimize revenue models and add new thinking to an old model.