For Multifamily Executive, Hamilton Zanze CEO Kurt Houtkooper details the reasons for optimism about the multifamily market and his company’s plans for 2024.Read
U.S. Household Net Worth Sees Largest Gain in a Year
U.S. households added $1.52 trillion to their total net worth in Q4 2014 — the largest quarterly growth in net wealth since Q4 2013. The increase was fueled by rising stock and home values. According to a report from the Federal Reserve, stocks held by households rose in value by $742 billion during the period, while home values increased by $365 million.
Economists expect increased wealth will lead to freer spending, as consumers are believed to spend an estimated few cents for every dollar that their net worth increases.
Read more at Reuters