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Sustainable, Eco-friendly & Green...all add up to Smarter Real Estate |
Although the real estate market is currently taking some hits and there is much flux in the development arena, there are still some hotspots that are continuing to move with full force. For example, not only is the West Side of Manhattan showing great strength in commercial and residential development, much of it is also going green.
Have you ever wondered what New Yorkers think of global warming? A new survey conducted by researchers at Columbia and Yale Universities and led by the Center for Research on Environmental Decisions (CRED) at Columbia has found that a majority (78 percent) of New Yorkers believe global warming and climate change is a serious issue caused both by human and natural forces...
The concept of the Energy Efficient Mortgage (EEM) has yet to catch on, especially in light of the current economic environment. According to the Energy Star Program, EEMs are essentially a financing tool that makes it easier for borrowers to qualify for loans to purchase homes with specific energy-efficiency improvements. Lenders can offer conventional EEMs, FHA EEMs, or VA EEMs.
Apparently, the planet's fastest growing economy is not immune to the realities of the marketplace. China, currently the world's industrial engine, has taken a new step towards environmental responsibility by putting rules into effect concerning the seeking of financing through the public equities market. The country's State Environmental Protection Administration (SEPA) is forcing corporations to delay offerings of public stock until they've complied with environmental rules...
