Real Estate and Transportation - How Will Impact You?

All of us enjoy or dread the different modes of the transportation network across NC and the US.  We all rely upon the network in some way, shape or form...most importantly, it allows us to eat on a daily basis.

But as technology advancements continue to change our world, how will these advancements impact your property and real estate?

This week, we've seen a number of news articles concerning electric vehicles, large retail companies buying last-mile transportation and logistics companies and an overview about the future of NC's transportation network and challenges.

We thought we'd briefly summarize and share these stories with you.  They are pretty interesting and provide thought provoking ideas about what the future holds and needs.  Take a look.

We'd be interested in your feedback...

Electric Vehicles are Forcing Real Estate to Change Gears - "Analysts predict that within a few years, electric cars will cost about the same or less than their gas-powered cousins, and electric vehicle (EV) sales are expected to surge. Though range could still be an issue for some drivers, EVs do have one major advantage: you can charge them at home. No more side trips to the gas station, no more waiting in line, no more pumping gas in the rain, sleet, snow or gloom of night.

In fact, surveys show that most EV owners prefer to charge in the comfort of their own homes, where they can go about their lives while their vehicle quietly juices up.

To sweeten the pot, some states and utility companies offer tax incentives and rebates that apply to charging at home..."

Wal-Mart Buys Delivery Logistics Start-up Parcel - "We plan to leverage Parcel for last mile delivery to customers in New York City – including same-day delivery – for both general merchandise as well as fresh and frozen groceries from Walmart and Jet," Wal-Mart said in a blog post. bit.ly/2wv4iV7

The Future of Transportation - NCDOT Sec Jim Trogdon - At the state level, the North Carolina General Assembly is taking a deep dive into these issues as well.  The House Select Committee on Strategic Transportation Planning and Long Term Funding Solutions had a presentation this week from Sec Trogdon.  If you review the summary on slide 15, all of the technological changes will impact real estate.