LOCUS and the Brookings Institution partnered on this research which examines the state of the real estate industry with data-backed insights, unpacking a series of five trends that are converging to create a mismatch between what the real estate industry is building and what is sorely needed to build a prosperous economy where everyone gets a chance to succeed.
The real estate industry is failing to fully address persistent segregation by race and income, pent-up demand for more attainable housing, destabilized regional housing markets fueled by climate change, and other converging trends. It’s time for a real estate reset.
For those who live in urban areas, especially neighborhoods in the process of returning from decades of disinvestment, you may sympathize with the difficulty of trying to find a good grocery store nearby. The dearth of food outlets in cities can be partially attributed to national chains failing to adjust their largely suburban business models … Continued