USA Today Names Rockford, IL as 6th Fastest Growing Housing Market
USA Today recently announced Rockford as the 6th fastest growing market for housing in the US. This is a great sign for the Rockford Area economy. The housing market has often been used to serve as an indicator of economic well-being. The measurement that put Rockford in 6th place was a measurement of the change in median sales prices of a single family home in the Rockford Region. This is a huge success for the region.
In conjunction with the increase in the prices of single-family homes, other economic indicators in the same timeframe of 2015 Q2 – 2016 Q2 are the decrease in unemployment by .3% and a 3,100 increase in total nonfarm jobs. This news is a sign that the Rockford Region is continuing along the path to reach Top 25 status by 2025.
Read the complete article at USAToday.com.