Europe and China are among Massachusetts biggest export markets and the weakening of those economies could affect the state’s economic growth, said Alan Clayton-Matthews, an economics professor and Northeastern University. Among the questions are whether Europe will slip back into recession and China’s overheated real estate market will end in a bust that would unsettle the global economy.
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.