Federal Issues
White House Aims to Fast-Track Commercial Conversions
November 2, 2023
As reported in the October 30 edition of the REALTOR® Magazine, many urban and rural areas nationwide are plagued by empty commercial buildings, with office vacancies reaching a 30-year high, according to the Council of Economic Advisers.
That’s putting a strain on commercial real estate markets and local economies. A new White House plan seeks to adapt these vacant commercial buildings for residential reuse, which could help answer the desperate call from the real estate industry for more homes.
NAR applauds the Biden administration’s latest effort to support greater affordable housing through converting vacant office and commercial space.
About the PBOR Market Brief
The Paulding Board of REALTORS® (PBOR) Market Brief is compiled by First Multiple Listing Service (FMLS). For more information on details of this month's report, please contact the Board at 770.866.1397.
*Each month, the numbers reported for the previous month are updated to reflect additional recordings.
About the Paulding Board of REALTORS®
The Paulding Board of REALTORS® (PBOR) has been an instrumental factor in the growth of real estate in Paulding County, Georgia for more than a decade. PBOR serves as a central source of information for its members, with mainly focusing on real estate education, the promotion of professionalism in the industry and representing REALTORS® members with legislative initiatives to create positive change for the real estate community.
About First Multiple Listing Service
First Multiple Listing Service (FMLS) is the premier data services provider for real estate professionals in Georgia. FMLS was founded in 1957 by a group of Brokers who wanted to share their listings and connect buyers and sellers. Today FMLS is the largest MLS in Georgia & the 4th largest MLS in the United States, serving nearly 54,000 real estate Agents & Brokers. For additional information or to start a discussion about how to partner with FMLS please contact join@fmls.com.