Beyond Route 128, far from the startups and venture capitalists of Greater Boston, cities and rural areas are struggling. One idea: a return to their roots — farming and manufacturing — but with a new set of eyes.
Local housing advocates have long warned that Massachusetts needs more development to meet the demands of first time homebuyers, yet most new construction is still aimed at the luxury market. Barry Bluestone joins WGBH News in their continuing FOCUS series, “Growing Pains,” to look the struggle to find a starter home in Boston.
Megan Woolhouse | The Boston Globe | July 30, 2014 The Massachusetts economy shook off its winter doldrums and rebounded strongly in the spring, according to an analysis by the University of Massachusetts and the Federal Reserve Bank of Boston. The state’s economy expanded at annual rate of 4.9 percent in the three months from April through […]
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.