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July 12, 2023

REIT Stocks Respond To News Long Sought By Real Estate Industry

Chicago CRE Legends Mike Reschke And Quintin Primo III To Discuss The Future Of The Loop At Chicago State Of The Market

Wednesday morning brought the inflation news the real estate community, and the entire American economy, has looked forward to for more than a year: The consumer price index rose 3% year-over-year in June, the smallest gain since March 2021.

REIT stocks responded with a nearly 3% bounce compared to the beginning of the year as investors celebrated the strongest signal yet that capital markets-crippling interest rate increases could slow in the coming months. 

REIT Stocks Respond To News Long Sought By Real Estate Industry

The FTSE Nareit All Equity REITs index was up 1.34% as of midday Wednesday and up 2.83% since the beginning of 2023.Inflation is still above the Federal Reserve's target rate of 2%, meaning that the interest rate increases likely aren't over entirely, but Wednesday's news provided a measure of stability…

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As Challenges Mount For Cities, Localities Step Up Rezoning Efforts

As intractable, existential problems like climate change and housing affordability worsen across the country, localities are deploying a tool that is both a building block of city planning and a flashpoint with a penchant for starting municipal spats.

Zoning reform is gaining popularity among cities large and small, even being floated and incentivized on state and federal levels. And although these efforts progress slowly and can be difficult to pass through legislative channels, they’re increasingly viewed as a way to address the growing list of ingrained problems faced by American cities.

As Challenges Mount For Cities, Localities Step Up Rezoning Efforts

“One of the things that is very visible now is that we've been underproducing housing for a long time,” Terwilliger Center for Housing Manager Fabiola Yurcisin said. “When we think about inclusivity and equitable access to opportunity, housing is at the center of that. That's why zoning is so important.…

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Affordability Expiring On Nearly 200,000 U.S. Housing Units In Next 5 Years

Affordability Expiring On Nearly 200,000 U.S. Housing Units In Next 5 Years  

Hundreds of thousands of affordable rentals could convert to market-rate housing in the next five years because of expiring tax credits, according to a new study. Around 180,000 units built with the federal government’s Low-Income Housing Tax Credit will be eligible to become market-rate housing by 2027,…

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