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As the local economy continues to expand and diversify, job creation will continue to outpace the supply of qualified and skilled talent, which is one of the region's most pressing issues to the success of key industries.
Yet even as S&P Dow Jones Indices' David M. Blitzer calls home price increases “unstoppable,” he points out that monthly gains won't last indefinitely.
In the Lehigh Valley, 1.5 million square feet of speculative construction added during the third quarter remained largely vacant, says Jared Jacobs, Cushman & Wakefield's Philadelphia research manager.