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Apr 09, 2015

Housing Trends

Center City Household Income Now In The Six Figures

Those figures include luxury high-rise condos, which accounted for 104 $1 million-plus sales in all of 2014, said Kevin Gillen, chief economist of Meyers Research…”Rising house prices do not cause household incomes to rise,” he said. “Rather, the influx of relatively higher-income households into these neighborhoods has bid up house prices.”

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