Real Estate Trends: Residential & Commercial

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The Motley Fool

Business, Investing

4.4 • 3K Ratings

🗓️ 22 May 2022

⏱️ 28 minutes

🔗️ Recording | iTunes | RSS

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Summary

We’ve got two CEO interviews and several real estate trends for investors to watch.

(1:10) Deidre Woollard interviews Nick Bailey, President and CEO of RE/MAX, one of the largest residential real estate brokerages in the world. They discuss the long-term forces driving single-family home buying and what may cool the surge in multi-family properties.

(18:25) Motley Fool contributor Marc Rappaport speaks with Joel Marcus, CEO and founder of Alexandria Real Estate Equities. They break down why life sciences buildings have proven to be a bright spot in commercial real estate and how Marcus’ company built long-term relationships with Eli Lilly and Merck.

Stocks discussed: RMAX, ARE, LLY, MRK

Hosts: Deidre Woollard, Marc Rappaport
Guests: Nick Bailey, Joel Marcus
Producer: Ricky Mulvey
Engineers: Dan Boyd, Brandon Gentry

Transcript

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0:00.0	I was just talking with someone earlier this week that converting some of these commercial
0:06.8	properties is actually more expensive than knocking down a 12-story building and rebuilding
0:14.3	something residential with the exception of right now, and I think this is an 18-month
0:20.3	type of scenario with supply and labor constraints that actually it is less expensive to do some
0:29.1	conversions.
0:30.1	I'm Chris Hill and that was Nick Bailey, president and CEO of Remax, one of the largest
0:41.1	residential real estate brokerages in the world.
0:43.8	Today, we've got some real estate trends for investors to watch on both the residential
0:48.8	and the commercial side.
0:50.2	We'll start with Holmes.
0:52.4	E.D.R. Woolard talked with Bailey about the long-term forces that drive home buying, the
0:57.2	trend toward more multifamily housing and what it takes to motivate a team of real estate
1:02.4	agents when there are more realtors than actual homes for sale.
1:10.9	Hello, Fools.
1:11.9	I'm here today with Nick Bailey, who is the CEO of Remax.
1:15.4	He leads all aspects of Remax brand and business globally.
1:19.9	Sets the vision for the brand.
1:21.8	He leads the assignment of resources throughout the Remax universe.
1:25.4	He's also been a real estate broker for over two decades.
1:28.1	He's pretty much the perfect person to talk to about the housing market.
1:31.9	It's really great to see you again, Nick.
1:33.7	We last talked in 2021 early in the year.
	...

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