RECA responds to the third CodeNEXT prescription paper on mobility.

The U.S. property market landscape in 2016 has looked much like it did in 2015, with somewhat less impressive numbers, as a number of interwoven themes come into play and, yet, bode well for savvy investors who can step out in front of ongoing—and, in some cases, intensifying—economic, demographic, and technological trends. On the economic side, the U.S. Federal Reserve made it clear last December that the central bank sees U.S. growth as relatively stable, notching the federal funds rate higher by a quarter point. Nevertheless, underlying inflation is extremely tame in the United States and in major emerging markets (with worries of deflation in some sectors and countries), providing no impetus for significantly higher rates. That may put some pressure on other global economies, including the Eurozone and China, but will also make U.S. assets more attractive in the coming year.

The company has been working on a new program to bring in owners and landlords of multifamily buildings into its home-sharing world. Dubbed the Airbnb Friendly Building Program, the new initiative will let building owners sign up to work with Airbnb and tenants on allowing home-sharing on their properties per with whatever rules they’re comfortable. And of course, they’ll be able to share in the revenue their tenants get through Airbnb.

Summer vacation is officially over. Investors who expected the calm environment in the financial market to continue were shocked last week as stocks, bonds, oil and gold all fell Friday amid growing concerns regarding central bankers ability to prop up markets.

The Domain has a few more tricks up its sleeve. Endeavor Real Estate Group and Northwood Investors have been holding onto the last piece of the Domain pie—the best piece, considering it's right at the entrance of the project—for years, and they're finally ready to open it to the public.

Comment now on the $550M-$850M proposal to add express lanes, lower or raise mainlanes through downtown Austin

The Central Texas Regional Mobility Authority, which is overseeing the MoPac toll lane project, is considering funding a viability study for a proposed 8-mile gondola line that would run above South First and Guadalupe streets.

For those investors priced out of the top markets, however, there are still some locations that could lead to attractive yields, Georgules says. The JLL report lists about two dozen markets that are currently considered "low cost, higher industry opportunity." These include Raleigh-Durham, N.C., Atlanta, Northern Virginia and Chicago, where real estate costs and talent are still relatively affordable, and also have the elements in place to foster both start-up and large tech company growth, Georgules says.

"If demographics are on a market’s side—rapid population growth, with jobs being created—then it’s no surprise that these markets are reclaiming top spots in various rankings," says Victor Calanog, chief economist and senior vice president for New York City-based research firm Reis Inc. We look at the apartment markets that have recovered the most from the impact of the housing crash.

The billion-dollar hotel, office, and retail tower, funded by Korean Air, will be one of the most advanced in the world when it comes to seismic engineering—something all buildings in the region need to worry about. It uses massive bracing, oceanic volumes of concrete, and plenty of smart engineering to help it withstand temblors, even those greater than the devastating Northridge Earthquake of 1994.

Rents for single-family homes are rising across the country, according to RentRange, a housing industry data provider, which has identified the 25 metro areas where the average rent rose the most in the 12 months ending June 30. Of the top 25, five are in California and five in Florida, led by Cape Coral, Fla., where single-family rents rose 26.1% over the 12-month span.

Date: 10/11/2016
Time: 11:15 am - 1:00 pm
JW Marriott
110 E 2nd Street

The November transportation bond... the MoPac Express Lanes... Mobility35... It's a lot of projects with a lot of names, but are all these initiatives really going to get Austin moving again? In this special Ideas Forum with our partner CTCAR, get the latest updates from local and regional transportation leaders and how they're coordinating to improve mobility in Central Texas. Do you have any questions you want the panelists to cover? Email ryan.poulos@reca.org.