I recently moved from Boston to Denver and the difference in cost of living served as a welcome income multiplier. I'm not alone in that experience: strong push and pull factors are underpinning U.S. demographic and migration trends (and the local economic strength of markets like Denver, Austin, Nashville, Phoenix and more).
The Global Economy, Global Challenges and U.S. Real Estate
It was a pleasure to present to CBRE colleagues and clients at the Union Club League of Chicago yesterday. My discussion addressed the current global economy's near-term implications for U.S. CRE. For those interested, the slides are here.
January Jobs Report: Strong hiring leads to greater wage growth
The economy started off 2018 on a strong note, with employment gains surprising on the upside. Job growth has slowed in the past two years but remains solid. A tighter labor market may finally be translating into greater pay increases for workers—wages saw their largest increase since 2009 in January. Hiring was broad-based and robust in the construction, manufacturing, food services and health care sectors, with employment continuing to trend upward.