Just as words have meaning, taxes have economic ramifications. This annual blog on the Best State Tax Business Environments begins as it commenced and ended each of the past two years in the prior sentence . Each state varies in one form or another in how much services their government provides and how those services …Read more
We all use technology daily, but technology impacts some economies and commercial real estate (CRE) markets more than others. The tech sector, with 7.2 million workers at tech companies in the U.S., now makes up 4.8 percent of the U.S. workforce. A just-released study, Cushman & Wakefield’s Tech Cities 2.0, examines where tech has the …Read more
More than one-out-of-every 10 Americans move annually, with an average 35.5 relocating each year from 2010 to 2017, according to Move.org (a site for people moving either themselves or with a professional moving firm). Just 11 percent of the U.S. population moved in 2017, the lowest percentage seen since the U.S. Census Bureau commenced tracking …Read more
Jobs are everything to the economy. Period. Job growth, however, is not uniform across the country. As usual, I invoke the TINSTAANREM axiom — There Is No Such Thing As A National Real Estate Market. Nor is job growth the same nationwide. But where job growth is strong, so is the demand for real estate. …Read more
Jobs are everything to the economy. Period. Job growth, however, is not uniform across the country. As usual, I invoke the TINSTAANREM axiom — There Is No Such Thing As A National Real Estate Market. Nor is job growth the same nationwide. But where job growth is strong, so is the demand for real estate. …Read more
While the U.S. added just 157,000 net new jobs in July 2018 (preliminary), year-to-date the country created 1.503 million new jobs compared to 1.291 million a year ago for the same period – a gain of 16.4 percent. The total gain in the prior 12-months of 2.40 million represented a 1.64 percent annual job growth …Read more
Jobs are everything to the economy. Period. Job growth, however, is not uniform across the country. As usual, I invoke the TINSTAANREM axiom — There Is No Such Thing As A National Real Estate Market. Nor is job growth the same nationwide. But where job growth is strong, so is the demand for real estate. …Read more
Jobs are everything to an economy. Period. Job growth, however, is not systemic across the country by state. Variability in state job growth is akin to the movie The Good, The Bad and the Ugly. Some states are excelling, others just average, and a few ugly. As usual, I invoke the TINSTAANREM axiom — There …Read more
Jobs are everything. Period. Ongoing good news is that job growth continues to look up. The U.S. added 213,000 net new jobs (preliminary) in June 2018. The unemployment rate edged up from 3.8 percent in May to 4.0 percent as 204,000 added reentrants came back to the job market. Reentrants are people that previously worked …Read more
Jobs are everything to an economy. Period. My favorite economic axiom! The ultimate demand for real estate is driven by people with money in their pockets – hence the focus on jobs. The demand for almost all real estate is local in nature (forgoing natural resources and geographic factors). Where robust job growth is found, …Read more