A free, semi-annual magazine published by NAR, On Common Ground presents a wide range of views on smart growth issues, with the goal of encouraging dialog among REALTORS®, elected officials, and other interested citizens.
For those trying to buy a home, more stringent lending standards and higher down payment requirements are making it difficult for moderate-income families to become homeowners. And a greater demand for rental housing has made rents unaffordable for many lower-income and working families.
As the real estate market evolves toward a new normal marked by growing urbanization, greater sustainability, and more transportation choices, the recession may also be remembered as a tipping point for smart growth.
In this issue of On Common Ground, we consider the role placemaking plays in economic development today. From celebrating the uniqueness of a place to bringing amenities such as food markets to make more complete walkable neighborhoods, placemaking is becoming a leading economic development strategy.
The tastes and attitudes of Generation Y, which represents today's 20-somethings and teenagers, will be what determines what gets built and sold. Environmental challenges that cannot be ignored, such as water shortages and more expensive energy, will also play a huge role in the next decade.
The Winter 2010 issue of On Common Ground focuses on this broad approach to “green”, an approach that encompasses the building, its surroundings and how our communities function. It is this holistic approach that is being recognized as the best way to conserve our resources and our planet, and is currently finding favor in the market.
The opinions expressed in On Common Ground are those of the authors and do not necessarily reflect the opinions or policy of the NATIONAL ASSOCIATION OF REALTORS®, its members or affiliate organizations.