Driving Demand for Energy Efficient Homes
CNT Energy and the Chicago Metropolitan Agency for Planning are proud to cohost an innovative event coming to Chicago on September 28. The GreenMLS/Better Buildings Roundtable will bring energy and real estate professionals together to pinpoint a market-driven path to drive demand for energy efficient homes.
Using a bottom-up model, the event will bring together key players from six communities receiving Department of Energy Better Buildings grant funding. The Better Buildings grants are designed in part to create residential home energy remodeling programs that will both accelerate energy efficient home inventory and create long-term demand for this type of remodeling work. National experts will provide context and discuss how energy efficiency programs can be reflected best in each community’s local multiple listing service (MLS). Addressing energy efficiency in the MLS systems now will ready the markets for a time when more energy efficient homes become available for resale. This work could make a premium for these homes more transparent to consumers.
The roundtable will advance a trend reported in August by the Washington Post, Is green good for resale value? The article highlighted four areas in the U.S. where resale trend metrics comparing the value of green vs. traditional homes are available. The vision of the roundtable is to add to the number of communities tracking these results and to improve the quality of the data reported.
Attendees will represent a wide range of perspectives on how any premium is made transparent within a market. Participants will include energy program representatives, realtors, appraisers, and lenders. Better Buildings communities participating will include the both the Bay Area and Southern California; Boulder, Colorado; Charlottesville, Virginia; Chicago, Illinois; Portland, Oregon, Westchester County, New York. Staff from each corresponding multiple listing service will also attend. National organizations include the Appraisal Institute, the Building Performance Institute, the Department of Energy, EcoBroker International, the Institute for Market Transformation, the National Association of Realtors – Green REsource Council and National Home Performance Council.
Watch for more information on the outcomes of the GreenMLS/Better Buildings Roundtable later this fall.