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18Oct
AUGUST 16 2019: WORLD CITIES 2019 WEALTH REPORT
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Wealth intelligence firm New World Wealth and location analytics specialists Webster Pacific recently reviewed the top cities worldwide by total wealth held. See top 20 below. As part of this study, Webster Pacific created heat maps for certain major cities to give a better indication of which neighborhoods are the wealthiest in each city.

Download Press Release: World cities 2019

Wealth Maps: London, Dubai, Mumbai

Coverage: Quartz, Khaleej Times 1, Khaleej Times 2

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07Jun
June 7, 2019: HIGH-INCOME HOUSEHOLDS ARE MOVING INTO THE SOUTH SOUND. WILL GOOD-PAYING JOBS FOLLOW?
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Written by The News Tribune’s Debbie Cockrell. Published on The News Tribune on June 7, 2019.

 

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Portions of Pierce and South King County are getting wealthier.

From 2012 to 2017, the Tacoma metro and surrounding area, which includes some of South King County, have seen the number of high-earning households, those that make $200,000 a year or more, grow from 14,594 to 24,137.

That’s according to census data and numbers compiled by data and analytics consulting firm Webster Pacific, based in San Francisco.

Not all of the high-earning households are new, the researchers said. Some of them could have been in the area before 2012 and experienced wealth growth.

Yet, as Seattle’s housing market has continued to push more home buyers southward, some neighborhoods on the outskirts of Tacoma’s metro area have been among those to see the most growth since the market rebounded after the Great Recession.

The accumulation of wealth leads to affordability concerns and raises questions about what is happening to the local economy.

*You can read the rest of the article on The News Tribune, via this link.

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06May
May 7, 2019: Finding the Top 50 Opportunity Zones for Real Estate Investment – Report
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Download the full report via this link.

 

***REPORT EXCERPT***

Finding the Top 50 Opportunity Zones for Real Estate Investment

 

To better understand an investment strategy in Opportunity Zones, Webster Pacific examined various data related to each zone in the United States and Puerto Rico. Our objective was to identify which Opportunity Zones represent places where the value of a property investment would most likely continue to increase. To that end, our analysis of real estate values has shown that incomes and wealth correlate strongly with real estate value. We therefore asked the following question: “Of all 8,700 Opportunity Zones, where are incomes and wealth already growing the most?”

To answer this, we calculated the growth in the percentage of households earning $200,000 or more in each of the 8,700 Opportunity Zones. (The growth is measured between 2000 and 2017 and is adjusted for inflation. We excluded any tracts that were recently created, tracts whose boundaries were significantly altered, or tracts with fewer than 100 households. A similar methodology was used in one of our earlier studies, released in an article by Bloomberg[2].) We then found the fifty Opportunity Zones with the highest wealth growth and mapped them in Tableau by metropolitan area.

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***Download the full report via this link.

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