Rising Rents, Income Stagnation Force Renters to Pay Bigger Share of Income in 2017 According to Zillow, rising U.S. housing rents are eating up an increasingly large share of American incomes, costing the typical renter $2,000 per year. Currently, the median U.S. rental requires 29.1 percent of the median monthly income. However, in the years leading up to the housing bubble, renters spent just 25.8 percent of their income on housing. That...Read More
December 19, 2015
The luxury residential development industry has become an increasingly exciting arena over the past decade as architectural and design standards have continued to break new ground. Economic and business connectivity between the world’s key cities, combined with unprecedented levels of wealth creation across the developing world, has created global demand for the finest properties. Icon Solutions has been at the forefront of this process, helping to share development skills and research, and forecasting the new markets and opportunities around the world.