The National Association of Realtors, who is generally viewed as emphasizing suburban single family housing markets, may be plotting a new course. NAR will be sharing more releases on the topic of urbanization in the coming months. They look to be taking the same path as Realtor.com, the online entity who licenses their name from the NAR mothership. Realtor.com has cleaned up their act and has been much more focused on city life after their recent purchase by News Corp (through Realtor.com’s parent company Move), trying to become relevant again by emulating Zillow and Trulia. And of course, the consumer wins.
It’s a good thing too since urbanization is one of the most important housing trends (affordability aside) facing the housing market going forward.
Here’s an interesting infographic released by NAR today:
Tags: Zillow, Realtor.com, Trulia, new urbanism, urbanization, NAR, National Association of Realtors
I see the impact or urbanization here in Hawaii as well Jonathan. The Howard Hughes corporation, along with the cooperation of the State of Hawaii and Kamehameha Schools Bishop Estate (one of Hawaii’s largest land owners), has launched a major Live/Work/Play campaign in the urban core of Oahu. It’s a mix of everything, including luxury condos, income-qualifying condos, a railway, walking promenades, parking, etc. Even in Hawaii, there’s a demand for urban living right now.