Across the country, real estate pros wrestle with environmental challenges to sales.
26% of practitioners survey nationwide have had at least one transaction fall through because of an environmental issue.
Source: NAR Research, 2015 Environmental Issues Survey
Environmental issues affect real estate sales in myriad ways, from the increasing focus on energy-efficient buildings to the impact of droughts and hurricanes on home sales. As public perceptions about changing climate conditions, natural resource management, and other environmental threats are debated, practitioners can attest to the impact such factors are having on their business. In a recent survey conducted by the National Association of REALTORS®’ Research department for REALTOR® Magazine, more than a quarter of respondents said they’d lost a deal because of an environmental issue. Respondents cited flooding, protected wetland and waterways, and natural disasters as top environmental issues affecting transactions.