Real estate market is teaching us something about worker shortages and gains

Real estate

Real estate

By Lisa Selin Davis | realtor.com

We’ve heard about police officers and firefighters priced out of the neighborhoods in which they work. Now a new class of civil servant is facing the same problem: Teachers are having their own housing crisis.

The housing market “hit low-income Americans hardest, but increasingly, it also means middle-income earners who hold key jobs—like teachers—can’t afford to live where they work,” reported Marketplace. “It’s a problem facing all high-cost communities: big cities, wealthy suburbs, and tiny resort towns.”

“Across the country, districts are struggling with shortages of teachers, particularly in math, science and special education—a result of the layoffs of the recession years combined with an improving economy in which fewer people are training to be teachers,” wrote The New York Times.

Continued:

Meanwhile, employment gains good for real estate, except maybe in construction

By Dees Stribling | MHN Online

The generally solid jobs report from the Bureau of Labor Statistics on Friday probably means that a small interest rate increase is going to happen next month (unless it doesn’t; this is the Fed, after all). As important as that might be, the details of the report also bode well for various kinds of commercial real estate. The sort of employment that eventually boosts office space usage, for instance, had a good month, and for that matter, has had a good year in terms of job growth.

Continued:

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