Two principal factors drive real estate growth across markets: household and income growth. More households increase the demand for housing units and retail goods, while higher incomes allow those households to spend more on those items. The net result is higher rents, faster absorption, and stronger value appreciation across the local real estate market.The driver of household and income growth comes from a city’s Tradable sector. Understanding this concept is fundamental to assessing a city’s likelihood to grow and deliver strong real estate returns in the future.  Click here to read the full article…