Daily Market Update: U.S. cities fail to make global sustainable top 10

by MPA23 Feb 2015
U.S. cities fail to make global sustainable top 10
Across the world cities are failing to meet the needs of their people according to the inaugural Sustainable Cities Index from consultancy firm Arcadis.

The Index explores the three demands of social (People), environmental (Planet) and economic (Profit) to develop an indicative ranking of 50 of the world’s leading cities. This year’s study found that there is no single city gaining top scores on all three metrics which highlights the difficult balance between the three.

The top 3 cities overall are Frankfurt followed by London and Copenhagen. European cities dominate the top 10 with North America failing to make the top 10. Boston, Chicago and New York feature in the overall rankings at numbers 15, 19 and 20 respectively. Houston, Philadelphia, Washington, San Francisco, Los Angeles and Dallas make it into the top 30. Generally the US cities rank better for profit than for either people or planet. Read the full report.
Realtors struggle with viewings in snowy New England
Real estate agents in Boston say the market is being made tougher by the poor weather conditions that have been battering the north east coast so far this year.

Glenna Gelineau, owner of Gelineau & Associates RE in Waltham, Mass., told The Boston Herald that things have been quiet for the last few weeks as people are deterred from listing their homes and buyers are not keen to navigate snowy conditions to view homes. With ice dams adding to problems for both access to properties for inspections and creating a risk to potential buyers and to the properties many are waiting for a thaw before they start viewing.

Michael Carruci of Group Boston Real Estate says he has around $10 million of inventory that won’t sell until the milder weather of the spring. On the upside he says that anyone who is looking at buying now is almost certainly a serious purchaser with the frozen conditions putting off tire-kickers. Read the full story.
Joe Cocker’s Colorado ranch reduced
The late Joe Cocker’s Colorado retreat has been reduced by $785,000 according to Zillow. The gravel-voiced rocker died in December but had been trying to sell the nine-bedroom home in the tiny community of Crawford since last spring.

Cocker purchased the 243-acre home and named it Mad Dog Ranch in 1994. The British ex-pat and his wife had the home designed to their specifications, choosing an English manor house style to remind them of their homeland. See the listing.


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