Maps showing where housing is struggling

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More senior living operators embrace pharmacy services to improve care, revenue link

• Louisville-based Trilogy Health Services dispenses 1.2 million prescriptions monthly through its own Synchrony Pharmacy. Owning the pharmacy has cut per-patient costs, improved care coordination, and boosted profit margins.

• Presbyterian Homes and Services co-owns a pharmacy that serves 52 communities in Minnesota and Wisconsin. The venture broke even in just 18 months and enabled better service standards and clinical collaboration.

• Lifespark’s pharmacy JV has generated $15 million in 18 months but is still operating at a loss due to startup costs. Still, the company credits it with a 5–7 percentage point rise in occupancy thanks to improved care outcomes.

2025 single-tenant net lease sales volumes & cap rates link

• Sales dropped to $9.4 billion in Q1 2025, down 30% from Q4 2024. It's one of the weakest quarterly starts in recent years as investors pull back due to high borrowing costs.

• Cap rates hit 6.91%, rising for the tenth straight quarter. This shows ongoing pricing adjustments as the market reacts to elevated interest rates.

• Industrial still leads with $4.6 billion in sales but is down 47% from Q4 2024. Office saw the biggest hit, falling 56.2% year-over-year to just $1.8 billion in transactions.

Restaurant industry hopes for a Gen Z revival amid slowing sales link

• Same-store sales growth is dropping across the board: casual dining only grew 1.3% in Q4 2024, compared to 16.3% over the past 5 years. Family dining and fast casual segments are also cooling, reflecting broader economic pressure and value-seeking behavior.

• Gen Z accounts for just 17% of casual dining customers, even though they make up 19.3% of the U.S. population. Events like Chain Fest in NYC show potential interest, but it’s driven more by nostalgia than regular spending habits.

• Despite slowing demand, over 7,700 new stores were announced through early 2025, including nearly 3,000 restaurants. Fast casual and quick-service chains lead the expansion, but consumer cutbacks in dining out—especially group outings—could strain long-term viability.

15 Suburbs Became Renter Majority in Just 5 Years link

• Suburban areas are attracting more renters than ever, with 6.08 million suburban rental households now recorded—a rise of 231,000 since 2018. Between 2018–2023, 15 suburbs flipped from owner-majority to renter-majority status.

• Suburbs around Dallas, Minneapolis, and Boston are seeing faster renter growth than their central cities. In Dallas, suburban renter growth hit 18%, compared to just 8% in the city itself.

• Frisco, TX led the nation by adding over 10,000 new renter households, with other fast-growing suburbs including McKinney, Grand Prairie, Lewisville, and Woodbridge, VA. New Jersey suburbs like Elizabeth and East Orange also showed major increases.

Maps that show where the housing market is struggling link

• Texas and Florida have seen a sharp downturn, with all reported cities now graded as “slow” in new-home market conditions. High property taxes and rising insurance costs are key reasons why 30% of Texas and 26% of northern Florida homeowners are looking to sell.

• Chicago and Indianapolis stand out as bright spots, earning “strong” ratings amid broader national weakness. San Diego and Orange County also hold up well in California, which otherwise trends toward “normal” or “slow.”

• In the resale market, Fort Lauderdale, Sarasota, Tampa and Austin are now labeled “very slow,” indicating major cooling in areas that were once hot. Most of California, Nevada and Arizona also fall into the “slow” category, except for San Jose, Sacramento and Las Vegas.

• See the article for more maps.

Luxury real estate loses steam link

• Luxury home values are up 2.7% year-over-year, double the 1.4% growth seen in the broader housing market. The typical luxury home is now worth about $1.8 million nationwide, with San Jose leading at nearly $6 million.

• April saw a 12% drop in luxury homes under contract compared to March, a reversal from the typical spring upswing. New listings also fell 5% month-over-month and 3.4% year-over-year, showing cautious behavior from sellers.

• Cincinnati and Columbus are red-hot, with luxury homes going under contract in just five days. These Ohio cities also saw the highest annual luxury home value growth, with Cincinnati at 7.3% and Columbus at 6.8%.

AI assistant Shilo closes $2.6 million seed funding round 

• Shilo.ai secured $2.6 million in seed funding led by AZ-VC, Arizona’s largest venture capital fund. The fund is managed by Jack Selby, a key figure at Thiel Capital.

• The funding will speed up product development for Shilo, a company focused on building AI assistants for real estate and tech applications. It marks a step forward in expanding AI's role in real estate operations.

• This investment signals growing local support for AI startups in Arizona, especially in cities like Phoenix where tech innovation is booming. It also reflects the continued interest in AI-driven automation tools across the real estate industry.

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A Domed Home with a 100-Year Lead Roof & Modern Interiors

Link to the listing

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Vidit

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