Boni & Joe: Back to Basics

"The 2009 Ernst & Young real estate business risk report itemizes the ten top business risks faced by the industry as ranked by leading analysts."

As we all know, the Real Estate Industry has felt the tightening conditions of economic uncertainty perhaps more than any other sector due to its heavy reliance on capital, which is expected to last for the next couple years due to a looming global credit crunch.

"Given the risks outlined by analysts in the report, it is time for owners, investors and users of real estate to use the time afforded by this lull in real estate activity to prepare their businesses for the next period of economic growth so they can hit the ground running when markets begin to stabilize. This ‘back to basics’ movement will lead to the greater transparency necessary to restore confidence between buyers and sellers"

All the usual suspects such as market fluctuations, economic, and pricing uncertainty are present along with newer entries such as the Green revolution, increased energy costs and misc global factors, all adding up to quite a list to wrap our heads around.

Click here for the complete list and article