Recent Income Growth Will Have Limited Benefits for CRE

The U.S. Census Income and Poverty 2015 report was a positive one for the economy, with a 5.2 percent growth in median household incomes last year. But that doesn’t mean Americans have more spending money. Middle class households may be better positioned to cover their expenses, but they may not be increasing their spending on retail and recreation anyway, industry sources say.

“There are now more people with jobs; that is driving the economy,” says Rene Circ, director with real estate research firm CoStar Portfolio Strategy.

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