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The Raub Blog


 

According to a recent Marcus & Millichap housing brief, homeownership has fallen to a 12-year low due to limited inventory and a lifted median home sales price of $230,400, a 7.3% year-to-year increase. In December of 2016 the overall home ownership rate held at 63.7%, a 550-basis point decline from its 12-year peak, it fell to 39.3% for those under 35. Homebuilders recognize the need for more starter homes but are limited due to development costs, nevertheless 2016 home starts increased by 6.2% year-over-year.

Homeownership Rate Falls to 12-Year Low; Young Households Favor Apartments

 

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Dormant 22,000-Seat Arena Coming to Life

by irc16350 on March 22, 2017

 

Ex-NBA player, Jackie Robinson’s 27-acre mixed-use development proposal in Las Vegas, NV is seeing some activity again after a lengthy lawsuit with former lender, SL Hare Capital. Robinson’s plans for the former ‘Wet ‘n Wild” site include a “22,000-seat arena with a retractable roof, as well as a 300,000-square-foot retail and restaurant area called Victory Plaza and a five-star, 500-room hotel.” Robinson noted that although not contingent upon its actualization, he would like to bring in a pro sports team to play at the All Net Arena and Resort.

Dormant project to build 22,000-seat arena with retractable roof on Las Vegas Strip comes to life

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E-Fairness Legal Challenge Moves Forward

March 21, 2017

Tweet   The International Council of Shopping Centers has been continually attempting to address the e-fairness issue in regards to brick-and-mortar retailers by supporting various states in appealing to the courts, and have now reached litigation in South Dakota where they have gained the most traction. For now, the state will appeal to the South […]

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The Nine-Figure Price Tag for Frost Tower’s Construction

March 20, 2017

Tweet   Construction is now officially underway for the 23-story Frost Tower located at 111 W. Houston St. in downtown San Antonio, the 400,000 SF Office building will be the first high rise development in the area for the past thirty years. Kendall/Heaton Associates Inc. alongside Pelli Clarke Pelli Architects are spearheading the project on […]

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What Walmart, Macy’s and Home Depot are saying about Retail

March 17, 2017

Tweet   Macy’s, Walmart, and Home Depot had mixed earnings this past 4Q16, but all agree that the physical retail store is still vital, and relied upon by customers. Intertwined retail may become a buzzword in the near future as a way to describe the evolving relationship involving online digital strategies to create more in […]

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How Millenials Are Rewriting the Food Industry Playbook

March 16, 2017

Tweet   Food preferences among the millennial age group are causing major food manufacturers to buy smaller, startup food labels focused on being “GMO free”, “locally sourced”, “gluten free”, and “organic”. This is due to the health consciousness and responsibility millennials feel when buying, slightly more expensive, healthier, premium food, the demand of which rose […]

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San Antonio’s Economic Progress

March 15, 2017

Tweet   The 2008 Great Recession brought much hardship for the nation but not for the city of San Antonio. Brooking’s Metro Monitor report showed San Antonio as one of 11 U.S cities that made gains between 2010 and 2015. Brooking’s report focuses on researching metropolitan economies and showed San Antonio as performing above average […]

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Housing Affordability Measure Affirms Imbalance between Housing Costs and Wages

March 14, 2017

Tweet   The National Association of Realtors’ Affordability Distribution Curve, “which examines how many listings are affordable to those in a particular income percentile”, shows that constrained product will make it so households in the 35th percentile and lower will continue to have to struggle and bid for housing. “A household in the 35th percentile […]

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