Monthly Archives: May 2019

Urbanizing the Suburbs for the Next Generation

The popular belief, maybe even a stereotypical one, has always been that younger adults prefer living in cities while older, more family-oriented adults are keen on suburbia.

The rationale being, the city offers a more vibrant, fast-paced lifestyle with an abundance of dining and entertainment options, the convenience of everything being close by, and having a short commute to work and the ability to network professionally with more ease – all which are allegedly more appealing to the younger generations.

Meanwhile, the suburbs are more spread out, quieter, considered by many to be safer and greener, so that there is that patch of grass to live out the American Dream.

This generational divide when it comes to young adults compared to middle-aged adults has been noticeable since single family homes started sprouted like wildfire in the suburbs in the 1940s and 1950s.

But today’s younger generation is turning that traditional mindset on its ear, and commercial developers are paying attention.

As millennials now start to become the most prominent buyers in the real estate market, more and more are interested in having the amenities of the big city atmosphere while being able to enjoy a more suburban home life as well.

Maybe they should be called the “cake and eat it too generation.”

Regardless, the concept of urban suburbs, or “hipsturbia” is now a very real thing.

“Low-rise, medium density housing attempts to combine the best elements of both urban and suburban development.”

The concept of having the best of both worlds – convenience, entertainment, dining, networking, living close to work combined with the serenity and open space of the suburbs – is quite attractive.

In some cases affordability is the issue – the housing gap continues to grow bigger and bigger, especially in metropolitan areas – but with the evolution of these urban suburbs, the next generation of suburbia is already showing a footprint in the U.S.

It was a trend that started in Europe and has made its way to the U.S. and it puts an emphasis on livable scale, while having the context of a more social community.

Low-rise, medium density housing attempts to combine the best elements of both urban and suburban development. They include a variety of public transportation options, access to major cities close by, and walkable areas with shops and restaurants, all within short, safe distances to individualized dwellings and access to better schools.

This concept reduces sprawl and efficiently use the limited space found in the urban environment, while also maintaining the street grid and pedestrian pathways.

Not to mention, it offers the possibility for substantial economic growth for these communities in the future.

“Communities are beginning to realize that increasing the density of their neighborhoods has many benefits, including helping to alleviate affordable housing issues.”

According to data from the U.S. Census Bureau, more than $2.6 million Americans relocated from a city to a suburban residence in the past two years.

But the millennial demand is different than their parents – while big backyards in a single-family home in a low-density community is picturesque, millennials find it too automobile dependent and too spread out.

Instead, millennials prefer retrofitting these suburban communities with dense, walkable city centers – and they are starting to crop up, even if some outdated zoning restrictions do pose a challenge in certain communities.

However, more and more communities are beginning to realize that increasing the density of their neighborhoods has many benefits, including helping to alleviate affordable housing issues. More housing needs to be built to put a lid on out-of-control real estate prices in wide swaths of America.

Additionally, low-density suburbs are expensive to maintain, as there are often too few residents to sustainably support the infrastructure as it is designed.

There will be those who oppose this concept – anytime there is a potential to increase traffic in the ‘burbs there’s going to be a strong vocal resistance.

But many commercial spaces like suburban strip malls, which are struggling because of online retail, are being converted into medium to high-density residential and commercial areas.

These areas are where developers are racing to turn previously taciturn locales into urban ‘burbs that attracts throngs of millennials.

FROM ABANDON MALL TO TOWN CENTER

A great case study is in Voorhees, N.J.

The quiet East Coast town had been anchored by the Echelon Mall since 1970, when it was built on the site of a former airport and offered 1.1 million square feet of retail space. It was the gathering spot for a community of New Jersey residents with its shopping options, popular food court, and convenience just off the highway so it could be easily accessed by residents from neighboring towns just a short drive away.

But, as like with many malls in the U.S., Echelon began feeling the crunch created by the birth of online shopping and has endured a rapid decline of the past decade.

Vendors started bailing out on the Mall and eventually, it reached the point where the iconic shopping center was practically abandoned.

Leaders in the community decided to start to reclaim the once burgeoning property and hired a developer to create the Voorhees Town Center in 2011 – a mixed used space on the corner of the Mall’s property that included 425 apartments and new retail and dining options all in a walkable radius.

That success has spurred on a new development idea to the property – homes.

Retail follows roofs, so with a proposed building of 330 new homes on the property, a plan is in place for a “live, work and play” hub that aside from the homes, will have between 50 and 70 “experience-based” retail options, such as a microbrewery, an athletic complex, a cigar bar and a theater.

An additional 10 percent of the space will be earmarked for green space, creating a park and outdoor sitting/eating area.

The renovation project is still in its very early stages – just ideas on paper – but within a decade, or even sooner, it can offer that “hipsturbia” feel that many millennials are attracted to today.

Everything changes with time, and if the suburbs have to get a facelift to close the housing gap and provide a boost to the local economy in the process, then that’s some commercial development progress to which no one should be opposed.

New York Housing market continues upward trend

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The first quarter of 2019 provided several disruptive weather patterns that contributed to less foot traffic toward potential home sales, according to the latest report from the New York State Association of REALTORS®. Coupled with low affordability, higher prices and an inventory situation in its infancy of recovering from record lows – not to mention several more days of wintry weather in April – slower sales persisted across most local residential real estate markets.

However, buyers are beginning to return in force this spring. For well-priced homes in desirable locations, competition is fierce.

New Listings were up 2.4 percent to 21,192. Pending Sales increased 1.2 percent to 12,835. Inventory grew 1.1 percent to 64,531 units.

Prices moved higher as the Median Sales Price was up 6.3 percent to $271,000.

Days on Market decreased 2.4 percent to 83 days. Months Supply of Inventory was up 3.6 percent to 5.8 months.

Hiring and wage gains have been below expectations, and the New York unemployment rate ticked up by 0.1 percent to 4.0 percent during March 2019, which was higher than the comparative national rate of 3.8 percent. In order for sales to increase on a grand scale, buyers will need more spending power, or sellers will need to reduce prices to land where buyers are most active. Neither situation is likely to occur in 2019, and yet inventory is straining to keep pace in the most competitive price ranges.

Kentucky Cities Lead Growth

The Great Recession of 2008 had a momentous impact on the United States, leaving many cities across the country in an economic and political crisis. While the majority of areas showcased significant economic improvements by 2010, Kentucky struggled to catch up. This stirred hesitation for prospective homebuyers and instilled a concern for current Kentucky residents, as buying sentiment dropped alongside home-prices which fell as much as 13.9 percent nationwide. Over the past couple of years, however, Kentucky is showcasing significant growth, as seen in the graph below, indicating that this state has been steadily improving not far behind the national rate.

Chart
Source: Kentucky Chamber | 2018
In the fall of 2018, the Kentucky Chamber of Commerce released a report analyzing the development in Kentucky since the end of the national recession: “Citizen’s Guide to Kentucky’s Economy Since the Recession”. This report clearly indicated how far behind Kentucky had been trailing the nation across important economic indicators such as the growth rate of jobs, population, and salaries, yet the citizen’s guide report shared, “Kentucky has outperformed more than half of its bordering states in those categories.” As of December 2017, the Bluegrass State supported 1.9 million wage and salary jobs, reflecting a growth of about 180,000 jobs statewide since the end of the recession. Granted, the state is adding jobs at a slower rate than the nation, but higher than all surrounding states except Tennessee and Indiana. Ultimately, Kentucky was performing slightly below average on a national scale, but doing well amongst bordering Southern states.

While urban areas have seen notable job growth since the recovery began around 2010, rural regions haven’t been so lucky. Employment in metro and rural areas largely grew beside each other in the ’90s, following similar growth patterns through the 2000s. Although, once the recovery began in 2010, growth patterns greatly deviated. An additional report produced by the Kentucky Center for Economic Policy, “The State of Working Kentucky 2018”, explains that “Whereas metro Kentucky has seen strong job growth this decade, non-metro Kentucky has experienced essentially no net job growth.”

Louisville remains one of the “more affordable cities in the country for millennials,” thanks to low-interest rates and reasonable home prices, says Dave Parks, president of the Greater Louisville Association of Realtors.

Still, the compelling growth rate of urban centers makes the move to the Commonwealth of Kentucky more attractive than ever before. Amongst the affordable housing, strong workforce, fascinating history, hot browns, the Kentucky Bourbon Trail, and the one and only Derby season, Kentucky is a great state to put down roots. The Kentucky Derby alone has a 400 million dollar economic impact on the region, based on recent economic impact studies. The Kentucky Housing Corporation even offers a variety of homebuyer crash courses, conferences, and down-payment assistance to encourage families to invest in homes. This has steadily boosted the population since 2009.

If you’re taking the step towards the American dream of homeownership, then Kentucky should be on your radar, specifically these three cities with the highest growth rates:

Louisville

Louisville

As the largest city in Kentucky, it doesn’t come as too much of a surprise that Louisville makes the list. Between hosting the Kentucky Derby, producing the most popular brands of bourbon and housing the Louisville Cardinals, this city stays busy. Since the end of the 2008 recession, Louisville’s wages and salaries have grown 44.9 percent, only slightly lower than the 48.6 percent national average. As of 2017, the number of homes sold between January and the end of November was up 2.2 percent compared to the year prior. The president of the Greater Louisville Association of Realtors, Dave Parks, says Louisville remains one of the “more affordable cities in the country for millennials,” thanks to low-interest rates and reasonable home prices. If you’re a fan of scenic waterfronts, affordable housing, and Louisville style chili (a spicy chili served over spaghetti), then start perusing the housing market in this vibrant city.

Lexington

Lexington

The second largest city in Kentucky isn’t only the “Horse Capital of the World”. Lexington’s vast art scene, rich culture, economic diversification, and high education rate set it apart from other regions, while the flourishing culinary scene may be enough to make you drop everything and move there today. This city may be small, but it’s large in history and personality. With an overall growth rate of 8.6 percent since 2010 and a wage and salary growth increase of 38.1 percent since the end of the last recession, this city shows no sign of slowing down. Have yourself a mint julep and celebrate all that Lexington has to offer, you may just never leave.

Bowling Green

Bowling Green

The Everly Brothers hit song “Bowling Green” may have given you an idea of just how great this bustling city is. If you’re seeking out southern hospitality, affluent history, and classic car shows, look no further than Bowling Green. This lively metropolis is Kentucky’s third-largest city and recent estimates show that the city’s population is up 12.3 percent since the last census was taken in 2010. With a variety of homeownership assistance programs like the Live the Dream Homeownership Program, this city is an attainable option for households with an array of incomes. Since the end of the recession, this region’s employment growth has increased by 12.6 percent. Home to large companies such as Fruit of the Loom, General Motors, and The Bowling Green Assembly Plant which produces all Chevrolet Corvettes built since 1981, the job market is approachable to an assortment of professionals, not to mention the wages and salaries have steadily increased since the end of the great recession of 2008.

Many states like Kentucky have been crossed off soon-to-be homebuyers lists due to past fiscal issues, which is a completely valid concern, but don’t let the stigma around former hard times stop you from considering beautiful reestablished states as your new home.

The progress of these Kentucky cities proves the great strides the commonwealth has made over the past decade. Whether you’re a current resident of Kentucky looking to make a move, or a prospective homebuyer who has a heart for the Bluegrass state but felt uneasy about the economic issues that arose from the recession of 2008, it’s time to breathe easy and reconsider this state as your new and improved home.

From Clicks to Bricks: e-Commerce Companies Setting Up Shop

For a while it seemed that online retail was not only changing the face of commerce, but also slowly killing brick and mortar retail shops.

Malls were shuttering their doors. Strips were emptied, with one vacancy after another.

But like a phoenix rising from the ashes, physical retail has resurged with gusto.

Certainly, part of the revival has been courtesy of a consistently strong economy, but a deeper dive finds that successful retailers have stemmed the downward slide by thinking outside the box.

REMOTE SHOPPING

Allowing customers to use their phones to order, or purchase items and then pick them up outside the shop without ever going in counts as in-person retail. Additionally, items can be returned in the same fashion – drop the item in a box outside the store and then finalize the transaction with a refund or a credit electronically via smartphone.

Personal shoppers have been a boom for the retail industry, employing individuals to shop for items ordered online or via mobile and leaving packages to be picked up curbside, or even delivering them to someone’s home.

These concepts have spurred companies who were or are online-only to consider new ways to be omnichannel – meaning offering consumers a variety of options to purchase their products.

The best retailers span multiple mediums to sell their products – whether in person, via social media or through someone’s mobile device.

This is also important because it indicates that this kind of retail can be successful with younger generations, who will be the target audience for the next few decades.

FLEXIBLE LEASES

According to the Wall Street Journal, another strategy that physical retailers are staking claim to are shorter-term leases. Some companies are renting space on a month-to-month basis, and most are limiting their leases to three years or less, which allows them to really get a feel for a location without an expensive, long-term commitment. The report indicated that since 2016, there has been a significant increase in temporary leases, which is a win-win situation for both store owners as well as landlords. The store owners get to test a market, while the landlords benefit from extended leases if their location thrives commercially.

But the biggest boon to physical retail is likely to come from previously online-only retailers moving into actual storefronts to diversify their brand.

A study conducted by JLL, a commercial brokerage and property management firm, indicated that e-commerce companies plan to open 850 store locations in the next five years.

SHOWROOMS

The notion is that a lot of these companies have products that consumers would like to see or inspect in person. As such, opening a “showroom” where patrons can actually touch the product rather than just run their mouse over it for a close-up view could lead to an even greater boost in sales.

The study indicated that nearly three-fourths of these e-commerce companies that are moving into physical locations are apparel or accessory brands.

These showrooms allow consumers to try on or inspect a product in person, make a purchase and then have the product shipped to their homes.

JLL highlighted online companies such as Casper, Bonobos and M. Gemi as leaders of this “click-to-brick” revolution, but they are far from the only company pursuing this concept.

Even a giant online retailer like Amazon has dipped its toe into the brick and mortar waters having opened 30 shops in 13 states and District of Columbia.

POP-UP SHOPS

Some are pop-up shops. Others are more permanent. The strategy for a company like Amazon is location-based.

New York remains the No. 1 location for both pop-ups and first permanent locations for online retailers, but California markets like Los Angeles and San Francisco are also popular.

According to JLL, nearly 60 percent of pop-ups are located in New York City, far and away the leader. Los Angeles ranks second at a distant 15%.

It’s no different with permanent locations either as New York tops the list with these too garnering roughly 41 percent of the e-commerce companies setting up shop there.

The SoHo area of New York City is where most online retailers are testing their newest products and trying to attract new customers.

Warby Parker, an online retailer of prescription glasses and sunglasses, opened a shop in SoHo back in 2013 and since has opened 75 more stores at locations nationwide.

JLL cites other online retailers like Untuckit, BaubleBar, Indochino and Glossier have also opened shops in SoHo.

Casper, which sells luxury mattresses online opened its first physical location in SoHo in 2018 and has since exploded nationwide, now operating 16 “experience stores,” where customers can test their products.

This notion is likely to become even more trendy and begin to expand outside of the major metropolitan areas of the country into more suburban communities.

And in the end, more businesses moving into a community is good for the economy, creates jobs, and enhances the value of property, which is a major benefit for homeowners.

So, it won’t be long until what is old in your community is new again, only this time, retrofitted for a whole new generation of consumers.

 

How Community and Technology Help Rural Seniors

Senior homeowners in rural areas face challenges that their urban and suburban counterparts might never know. The blog, New Life On A Homestead shares that even though a combination of farmers markets and Amazon Prime makes life in the country much more convenient than it used to be – it’s still a long drive to the shops if you’ve run out of food and supplies.

A HUD article, Housing Challenges of Rural Seniors, tells us that having limited access to shops also contributes to the social isolation that many rural seniors contend with. This is especially true for seniors who are no longer driving and rely on public transportation to participate in their community since “rural areas are less likely than other places to have robust public transit systems.”

HUD reports that medical care can also be a concern since, “sparsely populated areas are less likely to have certain types of medical specialists and may be distant from a hospital. These challenges may cause seniors to delay needed health care, allowing their health to worsen before they finally seek care — sometimes under emergency circumstances.”

Lastly, the ability to maintain rural property can be difficult as owners age. New Life On Homestead writer, Tom Harkins, talks about the high level of maintenance that all rural property owners must contend with. “Something is always going wrong on a rural homestead; be prepared to identify a problem, and make repairs. Maintaining your land is time consuming, too.”

However, Harkins shares that one of the upsides to living in a rural area is that, “communities in rural areas tend to be more tight knit. Since there are typically less government services available, neighbors have to rely upon one another more.” This solid community involvement is one of the reasons that seniors are able to stay in their homes despite the challenges of rural living.

“Telehealth is an emerging medical solution that has the potential to help many rural, senior homeowners age in place healthily.”

Maine is one of the states that is leading the way with proactive, rural senior care – which makes sense since Maine has the nation’s third-largest percentage of older Americans. HUD’s article states that close to 16 percent of the state’s population are age 65 or older, and it’s the nation’s most rural state, with about 61 percent of its population living in rural areas.

Harpswell, Maine is a coastal town where a quarter of the residents are age 65 or older. They’ve put together an Aging at Home team that tackles the heavy maintenance rural residents require and senior homeowners have difficulty managing. The handy men and women are made up of retirees that dedicate their free time to helping seniors with upkeep. The group was inspired by the Aging in Place groups that Habitat for Humanity has put in place nationwide for low income seniors.

The town of Bowdoinham, Maine created the Bowdoinham Age-Friendly Action Plan in 2012. The community began by focusing on adult services, transportation and care partner support. The town’s Advisory Committee on Aging (ACOA) has been working to create programs that encourage older adults to be actively engaged and avoid the social isolation that makes life lonely for rural residents.

Telehealth is an emerging medical solution that has the potential to help many rural, senior homeowners age in place healthily. Telehealth allows for remote examinations, consultations and even in-home monitoring. Currently, three southeast hospitals are working with the University of Alabama to see if telehealth could even help to improve palliative care for rural African-Americans.

New Listings in New York Up Over 6 Percent

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In addition to ongoing housing price increases and affordability concerns in the state of New York, the first quarter of 2019 saw a fair share of adverse weather as well. Sales totals were down across the nation and sometimes dependent on what was a persistent wintry mix, especially here in the Northeast. Meanwhile, new listings and total homes for sale have been trending lower in year-over-year comparisons, and last year’s marks were already quite low.

New Listings were up 6.3 percent to 18,475. Pending Sales decreased 0.9 percent to 11,543. Inventory grew 3.4 percent to 63,504 units.
Prices moved higher as the Median Sales Price was up 5.9 percent to $270,000.

Days on Market decreased 7.7 percent to 84 days. Months Supply of Inventory was up 5.6 percent to 5.7 months.

The Federal Reserve recently took a welcome step for potential home buyers, announcing that no further interest rate hikes are planned for 2019. Given the fact that the federal funds rate has increased nine times over the past three years, this was welcome news for U.S. consumers. Fed actions also tend to affect mortgage rates, so the pause in rate hikes was also welcome news to the residential real estate industry.

A Proposed New Tax Is Detrimental To Rhode Island’s Housing Market

UPDATE: This proposed legislation is being held for further review by the state’s Senate, and is being held in abeyance in the state’s House of Representatives. As a result, the legislation very likely will not be passed this year.


Newport, Rhode Island is a gorgeous destination location for many vacationers. The combination of water surrounding the island and the gilded mansions that dot its shores along with a thriving dining and entertainment scene make it one of the great gems of the Northeast.

But, if City Council has its way, it’ll be harder than ever to buy a home there.

That’s because Council approved a resolution in March to petition the state’s General Assembly for authorization to levy a steep conveyance tax on home sales to fund infrastructure improvements and new schools.

While schools and infrastructure projects are important, dealing a crushing blow to potential homebuyers and current homeowners in a city that’s already difficult to buy or sell a home, is not the best way to come up with the needed funding.

The Council-approved plan would tax the buyers of a new home up to two percent on the sale of a property.

As such, someone buying a $400,000 home in Newport would be required to pay the city as much as $8,000 in tax dollars, if the state law were to be passed.

WHAT HAPPENED

During the March Council meeting,15 individuals spoke out against the tax proposal during the public comment portion. Not one citizen spoke in favor of it. Yet, Council approved the resolution anyway by a 5-2 vote.

Mayor Jamie Bova tried to stem the outrage of the opposition by saying this was just the first step in a long process and that if approved, before levying the tax, the city would study its potential impact and could potentially seek modifications such as a lower tax percentage or even exemptions for first-time homebuyers.

But approval of the legislation, even with the potential for modifications, would be harmful to Newport’s housing market and would have an adverse impact on the local economy.

Additionally, approving this legislation would create a precedent in Rhode Island that would allow for local governments to generate new and separate tax revenue.

According to the Newport Daily News, Bill Sizeland, President of the Newport County Board of REALTORS®, was one of the public speakers at the meeting.

“Purchasing a home is considered the biggest financial transaction a family will make in their lifetime,” Sizeland said, according to the Daily News. “Increased closing costs on the transfer of existing residential property are likely to reduce the ability of new and current homebuyers to purchase a home.

“Rhode Island ranks at the bottom of every list related to exorbitant property taxes when comparing similarly sized municipalities. Should the Newport City Council send a message to the rest of the country that our city is not a welcoming place to purchase a home, while validating our poor national standing?”

IMPACT OF TAX

This new tax would more than quadruple the existing conveyance tax that the state currently levies on sellers, which is $4.60 per $1,000. So, on that same $400,000 home mentioned above, the current tax to the state is a much more manageable $1,840.

Adding an exorbitant tax as the one proposed punishes people who have owned their homes for some time as it decreases a home’s value if buyers know there is a big tax that needs to be paid along with their down payment.

There are two separate bills currently being considered in the General Assembly addressing this City Council resolution. House bill 5973 and Senate bill 669. Both bills were introduced by Senators and a Representative whose districts include Newport (Sen. Lou DePalma, Sen. Dawn Euer and Rep. Lauren Carson).

Newport already lags behind the rest of the country in homeownership as only about 40 percent of its residents are homeowners. The nationwide average is 64 percent.

The median sales price for a single-family home sold in Newport in 2018 was approximately $563,000. According to Data USA, the average income of a Newport resident is $60,000 annually. That disparity alone makes housing affordability a major concern in Newport, one that would only deepen further with a new conveyance tax of any kind.

In short, this tax proposal is regressive. Newport housing costs are already a barrier to home ownership for many residents, this tax could make that completely insurmountable.

“This exhibits the extreme measures that our legislators and administrators will contemplate in order to fill their budget gaps,” Providence resident Sandra M. Conca wrote in a letter to the editor of the Daily News. “Some of them would rather levy new taxes in lieu of examining the budget to look for savings.”

Rhode Island residents are urged to contact their elected State officials to express their feelings about this proposed legislation. They can click here to contact their local Senator or Representative.

Voters Approve $12 Million Bond to Benefit Cape Girardeau Schools

This April, voters passed Proposition Y, a $12 million school bond in Cape Girardeau which will allow the Board of Education of the Cape Girardeau School District No. 63 to borrow the funds needed to expand, renovate and better equip existing schools.

A total of 61.8 percent of voters approved Proposition Y, the latest positive step in a long-term educational transformation for the school district.

Elementary School Improvements

While district-wide capital projects will now get the green light – such as new HVAC systems on the schools as well as roof and parking lot repairs, the bulk of the funding will be used for specific projects at Alma Schrader Elementary and Jefferson Elementary Schools.

The school board is proposing an initial $2 million to be used for upgrades at each school.

Alma Schrader, which was built in 1959, is badly in need of renovations and technology upgrades to be more conducive to the learning style of the modern student.

Jefferson, which was built in 1957, will also have renovations, especially to its gymnasium, which has fallen into disrepair. Jefferson will also make educational upgrades to bolster their STREAM learning initiative.

An additional $1.5 million will be earmarked to create a consolidated pre-school center on Jefferson’s campus for students aged four and five. Currently, there are individual pre-school programs at four of the five elementary schools in the district. This would allow all pre-school students to be in one place.

New Aquatic Center

Another $4 million would be used to replace the aquatic facility at Cape Central Middle School known as the “Bubble.” The building has been in use since 1977 but inspections into the building’s structure have brought its integrity and safety into question.

The Bubble cannot handle larger crowds because the air quality is poor, and the building frequently loses water, meaning that the structure may not be as safe as it needs to be.

Cape Girardeau City Council has approved an expenditure of $6 million toward a new aquatic center and an anonymous donor added an additional $1.5 million.

This combined total of $11.5 million will allow for a state-of-the-art aquatics center to be built. The plan is to also put this on Jefferson’s campus.

This marks the third bond in the past decade to pass in Cape Girardeau that did not require a tax increase and still brought $72 million in funds into the district.

Master Facility Plan

A master facility plan was put into development in 2010. Securing this $12 million bond is the third phase of that plan.

The community is making a long-term investment in this district in order to revitalize its neighborhoods.

In 2018, the Wall Street Journal reported that Cape Girardeau had the most concentrated poverty of any city in Missouri. However, the goal of this master plan is to change that.

It starts by establishing an arena for student growth, learning and achievement at every level and supporting this by implementing a rigorous and modernized curriculum to help ensure greater opportunities for successful futures.

Additionally, an environment in the neighborhoods surrounding these schools that has state-of-the-art construction, amenities, safe walkways and safe streets can transform the way the residents of the area not only view themselves, but also their neighborhood. Transforming neighborhoods is the first step to changing the outcomes for the people who live in those neighborhoods.

Whether it’s a new roof, HVAC upgrades, improved technology, a stronger and more focused curriculum or even a new pow pool, it’s safe to say the master plan in Cape Girardeau is moving along swimmingly.

 

Miami Condominium Sales Surge Double Digits

Miami existing condominium sales jumped double digits and single-family luxury $1-million-and-up transactions rose year-over-year in March, according to the latest report from MIAMI Association of Realtors and the Multiple Listing Service system latest report.

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Infographic: Affordable Housing in Washington

Home prices in Washington rose nearly four percent at the start of 2018 – the highest in the nation. As major cities like Seattle continue to grow, there needs to be more options available for individuals and families to buy a home. Click below to tell your elected officials you want housing supply and affordability to be a priority!

Make The Housing Crisis In Washington A Priority
We need to make sure our elected officials know how important the issue of housing affordability is to communities across Washington.

 

 

Download the Infographic