Between the ages of 22-30 they’ll spend about $90,000 on rent.
New Tax Bill Preserves 1031 Exchanges
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More Construction & A Possible Increase in Interest Rates
U.S. Bureau of Labor Statistics notes that February 2017 saw strong job creation, including those in the construction trades.
“Here are where some of the major gains in jobs occurred in February:
Construction: Increased 58,000
Professional and business services: Increased 37,000
Private educational services: Increased 29,000
Manufacturing: Increased 28,000
Health care: Increased 27,000
Mining: Increased 8,000
On the other hand, some industries saw a loss in jobs during February, such as retail trade, which lost 26,000 jobs, general merchandise stores with a loss of 19,000 jobs, sporting goods, hobby, book and music stores with a loss of 9,000 jobs and electronics and appliances stores with a loss of 8,000 jobs.”
Source: HousingWire, U.S.Bureau of Labor Statistics, ADP
A Confirmed Trend
“Average home equity rose by $13,700 for U.S. homeowners during 2016,” said CoreLogic Chief Economist Frank Nothaft. “The equity build-up has been supported by home-price growth and paydown of principal.”