Displaying items by tag: minimum wage

الإثنين, 15 نيسان/أبريل 2019 13:23

Another Housing Boom is Coming

(New York)

The market has been fretting about real estate for over a year now. Numbers in the sector have been in a funk and there is a definite weakening occurring. However, that may prove short-lived as a new factor may slowly push that market back into a sustainable boom cycle. That factor is the grow of $15 per hour minimum wages across the US. Such wages are likely to significantly increase the earning power of millions of Americans, allowing many couples to afford to buy a home. For instance, a couple with one worker at Target and another at Bank of America could afford to buy up to a $300,000 home at the new wage levels.


FINSUM: If the new higher wage rate takes hold, it is likely to unlock a major source of untapped demand for housing.

Published in Eq: Real Estate

Contact Us

Newsletter

اشترك

Subscribe to our daily newsletter

Top