The number of jumbo loans used for home purchases has skyrocketed in Massachusetts, as buyers take out bigger mortgages to pay for increasingly expensive homes. Lenders, from local banks to mortgage giants, say that at least 30 percent of their loans are now jumbos, compared with about 10 percent in recent years, fueled by a market where home prices in some communities have now surged past prerecession highs.
In the 10 years since the Massachusetts School Building Authority was created, the agency has distributed $10.5 billion to help build and renovate hundreds of schools to improve the quality of education around the state, but the funding also has played a significant role in creating jobs and generating tax revenue, a new report shows. The economic impact was particularly meaningful during the recent downturn, which hit the construction industry hard, according to the report, written by Alan Clayton-Matthews and Barry Bluestone of the Northeastern University Dukakis Center for Urban and Regional Planning.
In a report conducted by Northeastern University, released last week, analysts said the state’s investment in life sciences had pushed Massachusetts to the top of the list when measuring population-controlled life science employment, with 113,678 people involved in the industry throughout the state in 2012.
Northeastern University’s Dukakis Center for Urban & Regional Policy released new data on the growth of the life sciences sectors in Massachusetts, and the importance of these sectors to the economy. The data was presented at UMass Boston’s Venture Development Center by Alan Clayton-Matthews, associate professor and director of quantitative methods in the School of public policy and urban affairs at Northeastern University.